Lattice Semiconductor (LSCC) Set to Announce Earnings on Monday

Lattice Semiconductor (NASDAQ:LSCC) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Lattice Semiconductor to post earnings of $0.29 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. Lattice Semiconductor’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. On average, analysts expect Lattice Semiconductor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $73.88 on Friday. The firm has a market cap of $10.16 billion, a P/E ratio of 39.94, a P/E/G ratio of 16.15 and a beta of 1.38. The stock’s 50-day moving average is $75.70 and its 200-day moving average is $69.08. Lattice Semiconductor has a one year low of $51.96 and a one year high of $98.30.

Analyst Ratings Changes

A number of research analysts recently issued reports on LSCC shares. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $75.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Stifel Nicolaus decreased their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. KeyCorp raised their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Susquehanna cut their price objective on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Activity

In other news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,741 shares of company stock worth $3,225,795. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Company Profile

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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.