Q3 2022 EPS Estimates for Lattice Semiconductor Co. Increased by William Blair (NASDAQ:LSCC)

Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) – Analysts at William Blair lifted their Q3 2022 earnings per share estimates for Lattice Semiconductor in a research report issued to clients and investors on Tuesday, August 2nd. William Blair analyst A. Vecchi now expects that the semiconductor company will earn $0.35 per share for the quarter, up from their prior estimate of $0.30. The consensus estimate for Lattice Semiconductor’s current full-year earnings is $1.18 per share. William Blair also issued estimates for Lattice Semiconductor’s Q4 2022 earnings at $0.35 EPS, FY2022 earnings at $1.31 EPS, Q1 2023 earnings at $0.35 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.43 EPS, Q4 2023 earnings at $0.44 EPS and FY2023 earnings at $1.61 EPS.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.11% and a net margin of 23.20%. The company had revenue of $161.37 million for the quarter, compared to analysts’ expectations of $157.98 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Lattice Semiconductor’s revenue was up 28.2% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the company. Susquehanna Bancshares increased their price objective on Lattice Semiconductor from $65.00 to $72.00 and gave the stock a “positive” rating in a research note on Tuesday. Craig Hallum dropped their target price on Lattice Semiconductor from $60.00 to $55.00 in a research report on Thursday, May 5th. Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday. Susquehanna increased their target price on Lattice Semiconductor from $65.00 to $72.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.88.

Lattice Semiconductor Stock Down 0.0 %

Shares of NASDAQ:LSCC opened at $64.52 on Friday. Lattice Semiconductor has a 52-week low of $43.41 and a 52-week high of $85.45. The stock has a market cap of $8.88 billion, a P/E ratio of 66.52 and a beta of 1.21. The business’s 50 day moving average is $52.36 and its 200 day moving average is $53.82. The company has a quick ratio of 2.30, a current ratio of 2.96 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Lattice Semiconductor by 14.9% during the 4th quarter. Sei Investments Co. now owns 441,386 shares of the semiconductor company’s stock valued at $34,002,000 after buying an additional 57,398 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lattice Semiconductor by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,574,385 shares of the semiconductor company’s stock valued at $198,382,000 after buying an additional 73,197 shares during the last quarter. AlphaCrest Capital Management LLC raised its stake in shares of Lattice Semiconductor by 212.4% during the 4th quarter. AlphaCrest Capital Management LLC now owns 20,338 shares of the semiconductor company’s stock valued at $1,567,000 after buying an additional 13,828 shares during the last quarter. Yarbrough Capital LLC raised its stake in shares of Lattice Semiconductor by 28.8% during the 1st quarter. Yarbrough Capital LLC now owns 14,589 shares of the semiconductor company’s stock valued at $889,000 after buying an additional 3,266 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lattice Semiconductor by 65.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,453 shares of the semiconductor company’s stock valued at $7,048,000 after buying an additional 36,240 shares during the last quarter. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Insider Activity

In related news, SVP Glenn O’rourke sold 919 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $49.10, for a total value of $45,122.90. Following the completion of the transaction, the senior vice president now owns 31,702 shares in the company, valued at approximately $1,556,568.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Sherri R. Luther sold 19,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $45.57, for a total value of $865,830.00. Following the completion of the transaction, the chief financial officer now owns 138,951 shares in the company, valued at approximately $6,331,997.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Glenn O’rourke sold 919 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $49.10, for a total value of $45,122.90. Following the completion of the transaction, the senior vice president now owns 31,702 shares of the company’s stock, valued at approximately $1,556,568.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,643 shares of company stock worth $6,813,332. Insiders own 1.80% of the company’s stock.

About Lattice Semiconductor

(Get Rating)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

Recommended Stories

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

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.