Lattice Semiconductor (LSCC) Set to Announce Earnings on Monday

Lattice Semiconductor (NASDAQ:LSCC) is scheduled 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. 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 Trading Down 0.0 %

Shares of LSCC opened at $73.88 on Friday. Lattice Semiconductor has a twelve month low of $51.96 and a twelve month high of $98.30. The company 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 company’s fifty day simple moving average is $75.70 and its 200-day simple moving average is $69.08.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction that occurred on 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 owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock valued at $3,225,795 over the last three months. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LSCC has been the topic of several recent research reports. Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. KeyCorp increased their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock 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 report on Tuesday, February 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $87.00.

About Lattice Semiconductor

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.