Economy

The Lattice Semiconductor Corp. (LSCC) Lowered by Jefferies Group

Stock research firms now have a positive stance on shares of Lattice Semiconductor Corporation (NASDAQ:LSCC). They now have $7.00 target price on the semiconductor company's stock. Lattice Semiconductor Corporation earned a coverage optimism score of 0.17 on Accern's scale. The most optimistic analyst sees the stock reaching $7 while the most conventional has $5.5 target price.

In terms of Buy/Sell recommendations, 3 analysts have a consensus rating of 2.33 on the shares of Lattice Semicond (NASDAQ:LSCC). The value of the company's investment in Lattice Semiconductor Corporati went from $98,000 to $92,000 decreasing 6.1% for the reporting period. Baird restated a neutral rating and issued a $8.00 price objective on shares of Lattice Semiconductor Corp.in a report on Thursday, November 3rd. Finally, BidaskClub cut shares of Lattice Semiconductor Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Out of rating recommendations 1 have given the stock a Buy while 0 recommend the stock as Outperform.

Lattice Semiconductor Corporation (LSCC) tumbled -20.52% year-to-date.

Shares of the company are trading at $5.91 just a bit higher than the 50 day moving average which is $5.53 and which is slightly below the 200 day moving average of $6.31. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.85% with $116.20 Million sitting short, betting on future declines. Lattice Semicond (NASDAQ:LSCC)'s price sits 6.12% above from its 50-day moving average of $5.51 and -9.58% away from the stock's 200-day moving average which is $6.32.

Lattice Semiconductor Corporation (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure. Lattice Semiconductor Corporation had a negative net margin of 9.50% and a positive return on equity of 3.95%. Equities analysts forecast that Lattice Semiconductor Corporation will post $0.09 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: "Lattice Semiconductor Corporation (NASDAQ:LSCC) Raised to "Buy" at Jefferies Group LLC" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and global copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/30/lattice-semiconductor-corporation-lscc-raised-to-buy-at-jefferies-group-llc.html. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Tower Research Capital LLC TRC now owns 19,381 shares of the company's stock worth $103,000 after buying an additional 16,954 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Lattice Semiconductor Corp. during the second quarter worth $130,000.

Nationwide Fund Advisors reduced its investment by selling 1,906 shares a decrease of 2.4% as of 09/30/2017. As of quarter end Cutler Group LP had bought 1,800 shares growing its stake by 22.0%. OppenheimerFunds Inc. raised its position in shares of Lattice Semiconductor Corporation by 1.9% in the first quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company's stock valued at $105,000 after purchasing an additional 1,102 shares during the period. Institutional investors and hedge funds own 87.80% of the company's stock. The Company offers three types of semiconductor devices, including Programmable Logic Device (PLDs), Video Connectivity application specific standard products (ASSPs), and millimeterWave devices.



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