Lattice Semiconductor (LSCC) Scheduled to Post Quarterly Earnings on Monday

Lattice Semiconductor (NASDAQ:LSCC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Individual that wish to register 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. 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 Stock Down 0.0 %

NASDAQ LSCC opened at $73.88 on Friday. Lattice Semiconductor has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 16.68 and a beta of 1.38. The business has a fifty day moving average of $75.70 and a 200-day moving average of $68.99.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Susquehanna dropped their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research note on Tuesday, February 13th. Stifel Nicolaus dropped their target price 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. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Four 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insiders Place Their Bets

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 transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was 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 of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock worth $3,225,795 over the last three months. 1.80% of the stock is owned by insiders.

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.