Brokerages predict that Lattice Semiconductor Corp (NASDAQ:LSCC) will announce $0.08 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lattice Semiconductor’s earnings. Lattice Semiconductor reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 700%. The firm is scheduled to report its next earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that Lattice Semiconductor will report full-year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.34. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.32 to $0.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Lattice Semiconductor.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $101.48 million during the quarter, compared to analysts’ expectations of $101.50 million. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%.
Several research firms recently weighed in on LSCC. Robert W. Baird lifted their price target on Lattice Semiconductor from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Craig Hallum set a $9.00 price target on Lattice Semiconductor and gave the stock a “hold” rating in a report on Wednesday, October 3rd. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, October 10th. Finally, ValuEngine raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Lattice Semiconductor has an average rating of “Hold” and an average price target of $8.70.
In other Lattice Semiconductor news, CFO Maxwell J. Downing sold 118,860 shares of Lattice Semiconductor stock in a transaction on Friday, August 31st. The stock was sold at an average price of $8.13, for a total value of $966,331.80. Following the completion of the transaction, the chief financial officer now directly owns 44,458 shares of the company’s stock, valued at approximately $361,443.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maxwell J. Downing sold 6,563 shares of Lattice Semiconductor stock in a transaction on Monday, August 6th. The shares were sold at an average price of $7.59, for a total value of $49,813.17. Following the completion of the transaction, the chief financial officer now directly owns 36,212 shares of the company’s stock, valued at $274,849.08. The disclosure for this sale can be found here. Insiders sold a total of 146,352 shares of company stock valued at $1,184,623 over the last ninety days. Insiders own 2.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in LSCC. First Washington CORP bought a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $4,277,000. Tygh Capital Management Inc. bought a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $3,342,000. Victory Capital Management Inc. increased its stake in shares of Lattice Semiconductor by 134.1% in the 3rd quarter. Victory Capital Management Inc. now owns 367,860 shares of the semiconductor company’s stock valued at $2,943,000 after purchasing an additional 210,722 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $1,293,000. Finally, Engineers Gate Manager LP increased its stake in shares of Lattice Semiconductor by 468.5% in the 3rd quarter. Engineers Gate Manager LP now owns 238,337 shares of the semiconductor company’s stock valued at $1,907,000 after purchasing an additional 196,414 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:LSCC traded down $0.01 during mid-day trading on Friday, hitting $6.19. 63,450 shares of the stock were exchanged, compared to its average volume of 1,527,528. The stock has a market cap of $747.36 million, a P/E ratio of 38.47, a PEG ratio of 1.73 and a beta of 1.71. The company has a current ratio of 4.00, a quick ratio of 2.35 and a debt-to-equity ratio of 1.00. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $8.90.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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