Lattice Semiconductor (NASDAQ:LSCC) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Lattice Semiconductor (NASDAQ:LSCCGet Rating) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04, MarketWatch Earnings reports. The firm had revenue of $150.50 million during the quarter, compared to analysts’ expectations of $146.25 million. Lattice Semiconductor had a return on equity of 25.31% and a net margin of 18.61%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share.

Shares of NASDAQ LSCC traded down $3.42 during midday trading on Thursday, hitting $49.70. 44,781 shares of the stock traded hands, compared to its average volume of 1,496,255. The firm has a 50-day moving average of $55.41 and a two-hundred day moving average of $64.73. The firm has a market capitalization of $6.84 billion, a P/E ratio of 63.41 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.84. Lattice Semiconductor has a one year low of $42.94 and a one year high of $85.45.

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 932 shares of the stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $49.63, for a total value of $46,255.16. Following the completion of the sale, the chief financial officer now owns 157,951 shares in the company, valued at approximately $7,839,108.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Glenn O’rourke sold 949 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $50.60, for a total value of $48,019.40. Following the completion of the sale, the vice president now owns 31,702 shares of the company’s stock, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. Insiders have sold a total of 247,013 shares of company stock worth $14,495,889 over the last three months. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently modified their holdings of LSCC. Morgan Stanley grew its position in shares of Lattice Semiconductor by 1,422.4% during the second quarter. Morgan Stanley now owns 566,980 shares of the semiconductor company’s stock valued at $31,852,000 after purchasing an additional 529,738 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Lattice Semiconductor by 15.9% in the 3rd quarter. Royal Bank of Canada now owns 16,824 shares of the semiconductor company’s stock valued at $1,089,000 after acquiring an additional 2,311 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Lattice Semiconductor by 11.5% in the 3rd quarter. LPL Financial LLC now owns 7,629 shares of the semiconductor company’s stock valued at $493,000 after acquiring an additional 787 shares during the last quarter. Barclays PLC lifted its holdings in shares of Lattice Semiconductor by 206.2% in the 4th quarter. Barclays PLC now owns 551,712 shares of the semiconductor company’s stock valued at $42,516,000 after acquiring an additional 371,515 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Lattice Semiconductor by 93.1% in the 4th quarter. Mackenzie Financial Corp now owns 15,328 shares of the semiconductor company’s stock valued at $1,181,000 after acquiring an additional 7,392 shares during the last quarter. Hedge funds and other institutional investors own 95.25% of the company’s stock.

LSCC has been the topic of a number of recent analyst reports. Cowen dropped their price target on Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday. Susquehanna reduced their target price on Lattice Semiconductor from $68.00 to $58.00 in a research note on Wednesday. Craig Hallum dropped their price target on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $68.00 target price on shares of Lattice Semiconductor in a research note on Friday, February 11th. Finally, StockNews.com started coverage on Lattice Semiconductor in a report on Thursday, March 31st. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.13.

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.

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Earnings History for Lattice Semiconductor (NASDAQ:LSCC)

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