Lattice Semiconductor (NASDAQ:LSCC) issued its earnings results on Thursday. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01, Fidelity Earnings reports. Lattice Semiconductor had a positive return on equity of 5.21% and a negative net margin of 19.67%. The business had revenue of $101.48 million for the quarter, compared to analyst estimates of $101.50 million.
Shares of NASDAQ LSCC traded down $0.92 during midday trading on Friday, hitting $6.16. 4,264,047 shares of the company’s stock were exchanged, compared to its average volume of 1,138,844. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 3.11. Lattice Semiconductor has a twelve month low of $5.05 and a twelve month high of $8.90. The firm has a market capitalization of $976.05 million, a PE ratio of 85.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.71.
In related news, VP Glen Hawk sold 20,929 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $8.05, for a total transaction of $168,478.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Maxwell J. Downing sold 6,563 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $7.59, for a total value of $49,813.17. Following the transaction, the chief financial officer now owns 36,212 shares in the company, valued at approximately $274,849.08. The disclosure for this sale can be found here. Insiders have sold a total of 146,352 shares of company stock worth $1,184,623 in the last three months. Corporate insiders own 2.83% of the company’s stock.
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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