Notable Price Action: Time to Buy Lattice Semiconductor After Today’s Significant Decline?

Notable Price Action: Time to Buy Lattice Semiconductor After Today's Significant Decline?

The stock of Lattice Semiconductor (NASDAQ:LSCC) is a huge mover today! About 1.08 million shares traded hands. Lattice Semiconductor (NASDAQ:LSCC) has risen 2.02% since March 11, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.
The move comes after 6 months negative chart setup for the $696.88 million company. It was reported on Oct, 14 by We have $5.47 PT which if reached, will make NASDAQ:LSCC worth $62.72 million less.

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 $4.64M for 37.56 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 rating was maintained by Jefferies with “Buy” on Wednesday, August 10. As per Thursday, February 18, the company rating was maintained by FBR Capital. The stock has “Outperform” rating given by FBR Capital on Monday, March 7. The firm earned “Hold” rating on Thursday, April 14 by Craig Hallum. The stock of Lattice Semiconductor (NASDAQ:LSCC) has “Positive” rating given on Tuesday, September 20 by Susquehanna. Zacks downgraded the shares of LSCC in a report on Tuesday, August 4 to “Hold” rating.

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 is 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.
Blackrock Advsrs Limited Liability Company accumulated 56,585 shares or 0% of the stock. Pinnacle Assocs Ltd has 85,650 shares for 0.01% of their US portfolio. Nwq Invest Mngmt Company Limited Company has 1.32% invested in the company for 14.32 million shares. The New York-based Art Advisors has invested 0.01% in Lattice Semiconductor (NASDAQ:LSCC). Vanguard Grp, a Pennsylvania-based fund reported 8.29 million shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 25,898 shares. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 119,001 shares. Susquehanna Int Gru Limited Liability Partnership holds 26,050 shares or 0% of its portfolio. Lombard Odier Asset Mngmt (Usa) Corp last reported 0.36% of its portfolio in the stock. Mackenzie Fincl Corporation has invested 0.01% of its portfolio in Lattice Semiconductor (NASDAQ:LSCC). Barclays Public Ltd Co reported 2 shares or 0% of all its holdings. Advisory Services Ntwk Llc owns 900 shares or 0% of their US portfolio. The Pennsylvania-based Nationwide Fund has invested 0% in Lattice Semiconductor (NASDAQ:LSCC). Wells Fargo And Mn last reported 0% of its portfolio in the stock. Price T Rowe Md accumulated 40,100 shares or 0% of the stock.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 1 insider sale for $57,928 net activity. Shares for $57,928 were sold by Milstead Byron Wayne.

More important recent Lattice Semiconductor (NASDAQ:LSCC) news were published by: which released: “Trade of the Day: Lattice Semiconductor (NASDAQ:LSCC)” on October 14, 2016, also published article titled: “China Inc. Retreats From Lattice Semiconductor”, published: “Lattice Semiconductor Launches “Lattice Hackathon: Small FPGAs. Big …” on September 15, 2016. More interesting news about Lattice Semiconductor (NASDAQ:LSCC) was released by: and their article: “Lattice Semiconductor’s SiBEAM Technology Enables 4K Wireless Video …” with publication date: September 21, 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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