The stock of Lattice Semiconductor (NASDAQ:LSCC) is a huge mover today! The stock increased 18.52% or $1.18 during the last trading session, hitting $7.55. About 33.89 million shares traded hands or 2253.47% up from the average. Lattice Semiconductor (NASDAQ:LSCC) has risen 13.95% since April 1, 2016 and is uptrending. It has outperformed by 12.74% the S&P500.
The move comes after 8 months positive chart setup for the $953.58M company. It was reported on Nov, 3 by Barchart.com. We have $10.49 PT which if reached, will make NASDAQ:LSCC worth $371.90 million more.
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 firm has “Hold” rating by Zacks given on Tuesday, August 4. The firm has “Outperform” rating given on Monday, March 7 by FBR Capital. The rating was initiated by Susquehanna on Tuesday, September 20 with “Positive”. The rating was maintained by Jefferies on Wednesday, August 10 with “Buy”. The stock of Lattice Semiconductor (NASDAQ:LSCC) has “Outperform” rating given on Thursday, February 18 by FBR Capital. The company was downgraded on Thursday, April 14 by Craig Hallum.
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 turned negative, 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.
Hilltop Inc reported 300,700 shares or 0.51% of all its holdings. Price T Rowe Assoc Md, a Maryland-based fund reported 40,100 shares. Rhumbline Advisers has 0% invested in the company for 125,237 shares. Marathon Cap reported 20,000 shares or 0.05% of all its holdings. Advisory Network Limited Liability Company accumulated 900 shares or 0% of the stock. Moreover, Proshare Ltd Liability Co has 0% invested in Lattice Semiconductor (NASDAQ:LSCC) for 14,675 shares. Kennedy Cap Mgmt accumulated 0.27% or 2.53M shares. Ubs Asset Mgmt Americas Inc has invested 0% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC). Amalgamated Bank & Trust holds 0% or 12,675 shares in its portfolio. Citigroup Inc has invested 0% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC). California Employees Retirement Sys accumulated 287,500 shares or 0% of the stock. Paradigm Capital Mngmt Ny reported 1.93 million shares or 1.26% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC). Lombard Odier Asset Management (Usa) holds 0.36% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC) for 559,174 shares. D E Shaw And Co has 145,825 shares for 0% of their US portfolio.
Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 1 sale for $57,928 net activity. Milstead Byron Wayne had sold 10,992 shares worth $57,928.
More notable recent Lattice Semiconductor (NASDAQ:LSCC) news were published by: Reuters.com which released: “Lattice Semiconductor to be bought by China-backed Canyon Bridge” on November 03, 2016, also Businesswire.com with their article: “LATTICE SEMICONDUCTOR CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A …” published on November 03, 2016, Reuters.com published: “BRIEF-Lattice Semiconductor to pay Canyon Bridge termination fee of $34.18…” on November 03, 2016. More interesting news about Lattice Semiconductor (NASDAQ:LSCC) were released by: Barrons.com and their article: “China Inc. Retreats From Lattice Semiconductor” published on October 07, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Lattice Semiconductor to be acquired by Canyon Bridge Capital Partne…” with publication date: November 03, 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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