Zacks Investment Research upgraded shares of Lattice Semiconductor (NASDAQ:LSCC) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $9.50 price target on the semiconductor company’s stock.

According to Zacks, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs. “

A number of other brokerages have also recently weighed in on LSCC. Dougherty & Co initiated coverage on Lattice Semiconductor in a research note on Thursday, June 28th. They issued a buy rating and a $10.00 price objective for the company. BidaskClub upgraded Lattice Semiconductor from a buy rating to a strong-buy rating in a research note on Tuesday, July 31st. ValuEngine upgraded Lattice Semiconductor from a hold rating to a buy rating in a research note on Saturday, July 28th. Craig Hallum set a $9.00 price objective on Lattice Semiconductor and gave the company a hold rating in a research note on Wednesday, October 3rd. Finally, Robert W. Baird increased their price objective on Lattice Semiconductor from $6.00 to $8.00 and gave the stock a neutral rating in a research report on Monday, July 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Lattice Semiconductor has an average rating of Buy and a consensus price target of $8.70.

NASDAQ LSCC traded down $0.06 on Wednesday, reaching $7.70. The stock had a trading volume of 981,966 shares, compared to its average volume of 1,130,198. The company has a current ratio of 3.11, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. Lattice Semiconductor has a 12-month low of $5.05 and a 12-month high of $8.90. The stock has a market cap of $1.01 billion, a P/E ratio of 88.89, a P/E/G ratio of 2.40 and a beta of 1.71.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. Lattice Semiconductor had a positive return on equity of 5.21% and a negative net margin of 19.67%. As a group, research analysts predict that Lattice Semiconductor will post 0.27 earnings per share for the current year.

In other Lattice Semiconductor news, VP Glen Hawk sold 20,929 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $8.05, for a total value of $168,478.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maxwell J. Downing sold 6,563 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $7.59, for a total value of $49,813.17. Following the completion of the transaction, the chief financial officer now owns 36,212 shares of the company’s stock, valued at approximately $274,849.08. The disclosure for this sale can be found here. Insiders sold 146,352 shares of company stock valued at $1,184,623 in the last quarter. 2.83% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Lattice Semiconductor in the second quarter valued at $152,000. MetLife Investment Advisors LLC grew its holdings in Lattice Semiconductor by 41.3% in the second quarter. MetLife Investment Advisors LLC now owns 55,030 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 16,093 shares during the last quarter. Marshall Wace LLP grew its holdings in Lattice Semiconductor by 31.4% in the second quarter. Marshall Wace LLP now owns 297,537 shares of the semiconductor company’s stock valued at $1,952,000 after purchasing an additional 71,020 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in Lattice Semiconductor by 205.5% in the second quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 24,339 shares during the last quarter. Finally, Alambic Investment Management L.P. grew its holdings in Lattice Semiconductor by 23.1% in the second quarter. Alambic Investment Management L.P. now owns 221,881 shares of the semiconductor company’s stock valued at $1,456,000 after purchasing an additional 41,697 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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