Equities analysts expect that Lattice Semiconductor Corp (NASDAQ:LSCC) will report earnings per share of $0.05 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Lattice Semiconductor’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.05. Lattice Semiconductor posted earnings of $0.06 per share during the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The business is expected to announce its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Lattice Semiconductor will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.31. For the next year, analysts forecast that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.45 to $0.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Lattice Semiconductor.
Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Lattice Semiconductor had a positive return on equity of 0.48% and a negative net margin of 18.28%. The firm had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.53 million. During the same quarter in the previous year, the business earned $0.10 earnings per share.
LSCC has been the subject of several recent analyst reports. BidaskClub cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. ValuEngine cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Lattice Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $7.00.
Shares of Lattice Semiconductor (LSCC) traded down $0.10 on Friday, hitting $6.16. 1,693,238 shares of the company’s stock traded hands, compared to its average volume of 1,336,496. Lattice Semiconductor has a one year low of $5.05 and a one year high of $7.55. The firm has a market capitalization of $781.29, a PE ratio of -10.62, a price-to-earnings-growth ratio of 1.67 and a beta of 1.59. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 2.20.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter worth approximately $107,000. Ellington Management Group LLC purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth approximately $143,000. Aperio Group LLC lifted its position in shares of Lattice Semiconductor by 57.2% in the fourth quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 10,070 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth approximately $180,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth approximately $223,000. Institutional investors own 88.53% of the company’s stock.
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About Lattice Semiconductor
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.
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