Craig Hallum Raises Lattice Semiconductor (NASDAQ:LSCC) Price Target to $30.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price increased by Craig Hallum from $19.00 to $30.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has a hold rating on the semiconductor company’s stock.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Lattice Semiconductor from a sell rating to a hold rating in a research note on Tuesday, June 30th. Dougherty & Co reiterated a buy rating on shares of Lattice Semiconductor in a research report on Thursday, April 30th. BidaskClub downgraded Lattice Semiconductor from a buy rating to a hold rating in a research report on Friday, July 24th. TheStreet downgraded Lattice Semiconductor from a b- rating to a c+ rating in a research report on Tuesday, April 28th. Finally, Susquehanna Bancshares increased their price target on Lattice Semiconductor from $25.00 to $32.00 in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $32.43.

Shares of LSCC opened at $31.09 on Wednesday. Lattice Semiconductor has a 52 week low of $13.54 and a 52 week high of $31.79. The company has a quick ratio of 2.88, a current ratio of 3.40 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 91.44, a PEG ratio of 8.87 and a beta of 1.26. The stock’s 50-day moving average price is $28.82 and its 200-day moving average price is $22.54.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Lattice Semiconductor had a return on equity of 18.32% and a net margin of 11.53%. The firm had revenue of $100.60 million for the quarter, compared to the consensus estimate of $100.02 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Lattice Semiconductor will post 0.35 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Lattice Semiconductor by 4.3% in the first quarter. BlackRock Inc. now owns 10,456,269 shares of the semiconductor company’s stock valued at $186,331,000 after purchasing an additional 427,442 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Lattice Semiconductor by 35.7% in the first quarter. Franklin Resources Inc. now owns 4,164,161 shares of the semiconductor company’s stock valued at $74,206,000 after purchasing an additional 1,095,783 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Lattice Semiconductor by 51.1% in the first quarter. Victory Capital Management Inc. now owns 4,121,808 shares of the semiconductor company’s stock valued at $73,451,000 after purchasing an additional 1,393,153 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,130,994 shares of the semiconductor company’s stock valued at $37,974,000 after purchasing an additional 48,120 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $33,195,000.

Lattice Semiconductor Company Profile

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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