Lattice Semiconductor (NASDAQ:LSCC) Raised to Strong-Buy at BidaskClub
A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Lattice Semiconductor from a hold rating to a sell rating in a research report on Wednesday, June 24th. TheStreet downgraded Lattice Semiconductor from a b- rating to a c+ rating in a research report on Tuesday, April 28th. Dougherty & Co restated a buy rating on shares of Lattice Semiconductor in a research report on Thursday, April 30th. Cowen upped their price objective on Lattice Semiconductor from $27.00 to $33.00 and gave the stock an outperform rating in a research report on Tuesday, June 23rd. Finally, Benchmark upped their price objective on Lattice Semiconductor from $23.00 to $30.00 and gave the stock a buy rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $25.71.
NASDAQ:LSCC opened at $28.39 on Friday. The stock has a fifty day moving average price of $25.80 and a 200-day moving average price of $20.95. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 88.72, a PEG ratio of 7.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.88 and a current ratio of 3.40. Lattice Semiconductor has a fifty-two week low of $13.54 and a fifty-two week high of $28.89.
In other Lattice Semiconductor news, VP Stephen Douglass sold 1,328 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $21.00, for a total value of $27,888.00. Following the completion of the transaction, the vice president now owns 38,337 shares of the company’s stock, valued at approximately $805,077. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.24% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its holdings in Lattice Semiconductor by 5.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 11,207 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 591 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Lattice Semiconductor by 18.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,189 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 1,297 shares during the period. Amalgamated Bank increased its stake in shares of Lattice Semiconductor by 6.0% in the fourth quarter. Amalgamated Bank now owns 23,511 shares of the semiconductor company’s stock valued at $450,000 after buying an additional 1,325 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lattice Semiconductor by 29.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,617 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 2,168 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Lattice Semiconductor by 20.4% in the fourth quarter. ProShare Advisors LLC now owns 17,105 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 2,898 shares during the period.
About Lattice Semiconductor
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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