Lattice Semiconductor Corporation (NASDAQ:LSCC) Rating Increased to Buy at Jefferies Group LLC

Jefferies Group LLC upgraded shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) from a hold rating to a buy rating in a report issued on Wednesday, October 18th, Marketbeat Ratings reports. The firm currently has $7.00 target price on the semiconductor company’s stock. Jefferies Group also issued estimates for Lattice Semiconductor Corporation’s Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at $0.01 EPS, FY2017 earnings at $0.01 EPS, Q1 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.13 EPS.

LSCC has been the topic of several other research reports. Zacks Investment Research cut Lattice Semiconductor Corporation from a hold rating to a strong sell rating in a research report on Tuesday, September 19th. Craig Hallum reaffirmed a hold rating and set a $6.00 target price (down previously from $8.30) on shares of Lattice Semiconductor Corporation in a research report on Thursday, September 14th. BidaskClub cut Lattice Semiconductor Corporation from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Robert W. Baird reaffirmed a hold rating and set a $8.00 target price on shares of Lattice Semiconductor Corporation in a research report on Sunday, September 17th. Finally, ValuEngine cut Lattice Semiconductor Corporation from a hold rating to a sell rating in a research report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $7.00.

Shares of Lattice Semiconductor Corporation (NASDAQ LSCC) traded up $0.03 during trading hours on Wednesday, reaching $5.92. The company had a trading volume of 735,506 shares, compared to its average volume of 1,270,000. Lattice Semiconductor Corporation has a 52 week low of $5.05 and a 52 week high of $7.99. The company has a market capitalization of $727.99, a PE ratio of 65.44 and a beta of 1.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.63 and a current ratio of 2.30.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Lattice Semiconductor Corporation had a positive return on equity of 3.95% and a negative net margin of 9.50%. The firm had revenue of $94.14 million during the quarter, compared to the consensus estimate of $105.60 million.

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A number of hedge funds have recently modified their holdings of LSCC. CNH Partners LLC raised its stake in Lattice Semiconductor Corporation by 33.8% in the 2nd quarter. CNH Partners LLC now owns 3,813,337 shares of the semiconductor company’s stock worth $25,397,000 after acquiring an additional 963,375 shares during the last quarter. City Financial Investment Co Ltd purchased a new position in shares of Lattice Semiconductor Corporation during the 2nd quarter valued at about $5,328,000. State of Wisconsin Investment Board raised its stake in shares of Lattice Semiconductor Corporation by 67.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,549,462 shares of the semiconductor company’s stock valued at $8,073,000 after buying an additional 622,862 shares during the last quarter. Public Sector Pension investment Board purchased a new position in shares of Lattice Semiconductor Corporation during the 2nd quarter valued at about $3,361,000. Finally, FMR LLC purchased a new position in shares of Lattice Semiconductor Corporation during the 1st quarter valued at about $3,432,000. Institutional investors own 87.13% of the company’s stock.

About Lattice Semiconductor Corporation

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

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