Lattice Semiconductor Corp (NASDAQ:LSCC) – Equities researchers at Jefferies Group lowered their Q2 2017 earnings per share (EPS) estimates for Lattice Semiconductor Corp in a research report issued on Wednesday. Jefferies Group analyst M. Lipacis now anticipates that the semiconductor company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.07. Jefferies Group currently has a “Hold” rating and a $8.30 target price on the stock. Jefferies Group also issued estimates for Lattice Semiconductor Corp’s FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.44 EPS.
Separately, Zacks Investment Research upgraded Lattice Semiconductor Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th.
Lattice Semiconductor Corp (NASDAQ:LSCC) opened at 7.03 on Friday. The firm’s market capitalization is $856.25 million. Lattice Semiconductor Corp has a one year low of $4.89 and a one year high of $7.99. The stock’s 50 day moving average is $6.87 and its 200 day moving average is $7.04.
Large investors have recently modified their holdings of the stock. CNH Partners LLC purchased a new stake in shares of Lattice Semiconductor Corp during the fourth quarter worth $21,077,000. Alpine Associates Management Inc. purchased a new stake in shares of Lattice Semiconductor Corp during the fourth quarter worth $20,119,000. Greenhouse Funds LLLP purchased a new stake in shares of Lattice Semiconductor Corp during the fourth quarter worth $12,497,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Lattice Semiconductor Corp by 162.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,081,024 shares of the semiconductor company’s stock worth $14,401,000 after buying an additional 1,287,373 shares during the period. Finally, York Capital Management Global Advisors LLC purchased a new stake in shares of Lattice Semiconductor Corp during the third quarter worth $3,741,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
About Lattice Semiconductor Corp
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.