$0.15 Earnings Per Share Expected for Lattice Semiconductor Corp (NASDAQ:LSCC) This Quarter

Equities analysts expect Lattice Semiconductor Corp (NASDAQ:LSCC) to announce earnings of $0.15 per share for the current quarter, according to Zacks. Two analysts have made estimates for Lattice Semiconductor’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Lattice Semiconductor posted earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 36.4%. The business is scheduled to report its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Lattice Semiconductor will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.58. For the next fiscal year, analysts expect that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.66 to $0.75. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $102.30 million during the quarter, compared to analyst estimates of $99.72 million. Lattice Semiconductor had a net margin of 3.98% and a return on equity of 17.47%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share.



LSCC has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. TheStreet raised shares of Lattice Semiconductor from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Dougherty & Co reissued a “buy” rating and set a $20.00 target price (up from $18.00) on shares of Lattice Semiconductor in a research note on Wednesday, July 31st. Zacks Investment Research lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.85.

Shares of LSCC traded down $0.74 during trading hours on Thursday, reaching $19.15. 1,134,528 shares of the company traded hands, compared to its average volume of 1,934,447. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 87.05, a PEG ratio of 3.39 and a beta of 1.31. Lattice Semiconductor has a 12-month low of $5.38 and a 12-month high of $21.58. The company has a current ratio of 3.08, a quick ratio of 2.30 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $19.52 and its 200 day moving average price is $15.29.

In related news, Director David Jeffrey Richardson sold 26,600 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $18.57, for a total value of $493,962.00. Following the completion of the sale, the director now directly owns 68,733 shares of the company’s stock, valued at $1,276,371.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Byron Wayne Milstead sold 30,025 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $18.97, for a total transaction of $569,574.25. Following the completion of the sale, the vice president now directly owns 29,206 shares of the company’s stock, valued at $554,037.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,226 shares of company stock valued at $1,804,647. 0.78% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in LSCC. Vanguard Group Inc. raised its holdings in Lattice Semiconductor by 6.4% in the second quarter. Vanguard Group Inc. now owns 14,495,590 shares of the semiconductor company’s stock worth $211,491,000 after purchasing an additional 870,586 shares in the last quarter. BlackRock Inc. raised its holdings in Lattice Semiconductor by 19.8% in the second quarter. BlackRock Inc. now owns 9,599,281 shares of the semiconductor company’s stock worth $140,055,000 after purchasing an additional 1,588,237 shares in the last quarter. Invesco Ltd. raised its holdings in Lattice Semiconductor by 354.8% in the second quarter. Invesco Ltd. now owns 5,709,202 shares of the semiconductor company’s stock worth $83,297,000 after purchasing an additional 4,453,835 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lattice Semiconductor by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,564,967 shares of the semiconductor company’s stock worth $31,589,000 after purchasing an additional 25,368 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Lattice Semiconductor by 66.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,294,090 shares of the semiconductor company’s stock worth $39,298,000 after purchasing an additional 1,320,700 shares in the last quarter. 94.86% of the stock is owned by institutional investors.

Lattice Semiconductor Company Profile

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.

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Earnings History and Estimates for Lattice Semiconductor (NASDAQ:LSCC)

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