The stock of Lattice Semiconductor (NASDAQ:LSCC) is a huge mover today! About 742,939 shares traded hands. Lattice Semiconductor (NASDAQ:LSCC) has risen 3.22% since March 15, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.
The move comes after 6 months positive chart setup for the $775.03 million company. It was reported on Oct, 18 by Barchart.com. We have $8.46 PT which if reached, will make NASDAQ:LSCC worth $255.76 million more.
Analysts await Lattice Semiconductor (NASDAQ:LSCC) to report earnings on November, 3. They expect $0.04 earnings per share, up 150.00% or $0.12 from last year’s $-0.08 per share. LSCC’s profit will be $4.87 million for 39.75 P/E if the $0.04 EPS becomes a reality. After $-0.03 actual earnings per share reported by Lattice Semiconductor for the previous quarter, Wall Street now forecasts -233.33% EPS growth.
Lattice Semiconductor (NASDAQ:LSCC) Ratings Coverage
Out of 4 analysts covering Lattice Semiconductor (NASDAQ:LSCC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Lattice Semiconductor has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Lattice Semiconductor (NASDAQ:LSCC) has “Buy” rating given on Wednesday, August 10 by Jefferies. Craig Hallum downgraded the stock to “Hold” rating in Thursday, April 14 report. FBR Capital maintained Lattice Semiconductor (NASDAQ:LSCC) on Monday, March 7 with “Outperform” rating. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Hold”. The rating was maintained by FBR Capital with “Outperform” on Thursday, February 18. The rating was initiated by Susquehanna with “Positive” on Tuesday, September 20.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.39, from 1.41 in 2016Q1. The ratio worsened, as 18 funds sold all Lattice Semiconductor shares owned while 30 reduced positions. 11 funds bought stakes while 38 increased positions. They now own 93.79 million shares or 2.57% less from 96.27 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 119,001 shares. Voya Inv Management Ltd reported 52,589 shares or 0% of all its holdings. The Massachusetts-based Rhumbline Advisers has invested 0% in Lattice Semiconductor (NASDAQ:LSCC). Teachers Inc has 191,815 shares for 0% of their US portfolio. Alliancebernstein L P accumulated 190,690 shares or 0% of the stock. Pinnacle Associates Ltd accumulated 0.01% or 85,650 shares. Schwab Charles Mngmt owns 401,184 shares or 0% of their US portfolio. The Massachusetts-based Geode Capital Mngmt Limited has invested 0% in Lattice Semiconductor (NASDAQ:LSCC). Sei last reported 431,065 shares in the company. Principal Grp Inc Inc accumulated 0% or 21,167 shares. Grp One Trading Limited Partnership last reported 0% of its portfolio in the stock. Nwq Management Limited Company has invested 1.32% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC). York Capital Mgmt Glob Advsrs holds 0.14% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC) for 1.03M shares. Highbridge Cap Management Ltd has 0% invested in the company for 24,294 shares. State Street Corporation holds 0% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC) for 2.48 million shares.
Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 1 sale for $57,928 net activity. Milstead Byron Wayne sold $57,928 worth of stock.
More notable recent Lattice Semiconductor (NASDAQ:LSCC) news were published by: Barrons.com which released: “China Inc. Retreats From Lattice Semiconductor” on October 07, 2016, also Investorplace.com with their article: “Trade of the Day: Lattice Semiconductor (NASDAQ:LSCC)” published on October 14, 2016, Oregonlive.com published: “Lattice Semiconductor shares jump on report of deal with Apple” on February 18, 2016. More interesting news about Lattice Semiconductor (NASDAQ:LSCC) were released by: Reuters.com and their article: “Exclusive: Lattice Semiconductor explores sale amid Chinese interest – sou…” published on February 27, 2016 as well as Fool.com‘s news article titled: “Why Lattice Semiconductor Corporation Shares Jumped Today” with publication date: May 10, 2016.
LSCC Company Profile
Lattice Semiconductor Corporation, incorporated on March 1, 1985, is engaged in providing connectivity solutions. The Company’s end-market industries range from consumer electronics to industrial equipment, communications infrastructure and licensing. The Firm operates through two divisions: 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. The Firm 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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