Analysts Expect Lattice Semiconductor Corp (NASDAQ:LSCC) Will Post Earnings of $0.12 Per Share

Analysts expect that Lattice Semiconductor Corp (NASDAQ:LSCC) will announce $0.12 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Lattice Semiconductor’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.11. Lattice Semiconductor posted earnings per share of $0.10 in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Lattice Semiconductor will report full-year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.47 to $0.51. For the next financial year, analysts expect that the business will post earnings of $0.64 per share, with EPS estimates ranging from $0.56 to $0.70. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The firm had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 earnings per share.

LSCC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research report on Friday, May 3rd. Robert W. Baird reiterated a “buy” rating and issued a $10.00 price target on shares of Lattice Semiconductor in a research report on Friday, March 1st. Rosenblatt Securities initiated coverage on shares of Lattice Semiconductor in a research report on Thursday, February 28th. They issued a “buy” rating and a $14.50 price target for the company. BidaskClub lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Cowen reiterated an “outperform” rating and issued a $18.00 price target (up from $16.00) on shares of Lattice Semiconductor in a research report on Tuesday, June 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Lattice Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $12.15.

In related news, VP Byron Wayne Milstead sold 3,632 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $12.14, for a total transaction of $44,092.48. Following the completion of the transaction, the vice president now owns 12,385 shares in the company, valued at $150,353.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Esam Elashmawi bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $12.17 per share, with a total value of $60,850.00. Following the transaction, the vice president now owns 25,000 shares of the company’s stock, valued at approximately $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position in Lattice Semiconductor by 4.3% during the fourth quarter. Legal & General Group Plc now owns 54,633 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 2,259 shares during the last quarter. GSA Capital Partners LLP lifted its position in Lattice Semiconductor by 26.2% during the fourth quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Lattice Semiconductor by 157.3% during the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 3,091 shares during the last quarter. Prudential Financial Inc. lifted its position in Lattice Semiconductor by 14.4% during the fourth quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 3,781 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in Lattice Semiconductor during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Shares of LSCC traded up $0.08 during mid-day trading on Thursday, reaching $14.06. The stock had a trading volume of 10,679 shares, compared to its average volume of 1,337,517. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 64.05, a price-to-earnings-growth ratio of 2.99 and a beta of 1.33. Lattice Semiconductor has a 12 month low of $5.38 and a 12 month high of $15.37. The business’s fifty day moving average price is $13.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.06 and a current ratio of 4.01.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

See Also: How do buyers and sellers choose a strike price?

Get a free copy of the Zacks research report on Lattice Semiconductor (LSCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit