Lattice Semiconductor (NASDAQ:LSCC) Announces Earnings Results

Lattice Semiconductor (NASDAQ:LSCC) announced its quarterly earnings data on Monday. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24, Briefing.com reports. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. Lattice Semiconductor updated its Q4 guidance to $0.15 to $0.23 EPS and its Q4 2024 guidance to EPS.

Lattice Semiconductor Stock Down 3.3 %

NASDAQ LSCC traded down $1.70 during trading on Tuesday, hitting $50.19. The company’s stock had a trading volume of 5,423,514 shares, compared to its average volume of 2,389,241. The firm has a 50 day moving average price of $50.15 and a 200 day moving average price of $57.27. The firm has a market cap of $6.91 billion, a P/E ratio of 37.51 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69.

Insiders Place Their Bets

In related news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on LSCC shares. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. Susquehanna decreased their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.25.

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.