Lattice Semiconductor Corp (NASDAQ:LSCC) – William Blair issued their FY2019 earnings per share estimates for Lattice Semiconductor in a research report issued on Tuesday, December 3rd. William Blair analyst expects that the semiconductor company will post earnings per share of $0.46 for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Lattice Semiconductor’s Q4 2019 earnings at $0.11 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.15 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.57 EPS.
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. Cowen increased their price target on Lattice Semiconductor from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. ValuEngine cut Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.61.
Shares of LSCC stock opened at $19.09 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.94 and a quick ratio of 2.20. Lattice Semiconductor has a one year low of $6.18 and a one year high of $21.58. The company’s fifty day moving average price is $19.17 and its 200-day moving average price is $17.54. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 86.77, a PEG ratio of 3.38 and a beta of 1.32.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $103.47 million during the quarter, compared to analyst estimates of $103.06 million. Lattice Semiconductor had a net margin of 5.60% and a return on equity of 18.64%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share.
In other news, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $19.85, for a total value of $79,400.00. Following the transaction, the director now owns 81,697 shares of the company’s stock, valued at $1,621,685.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Byron Wayne Milstead sold 71,400 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $19.36, for a total transaction of $1,382,304.00. Following the transaction, the vice president now owns 86,598 shares of the company’s stock, valued at approximately $1,676,537.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,847 shares of company stock valued at $1,939,991. Insiders own 0.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Pitcairn Co. lifted its stake in Lattice Semiconductor by 5.1% in the 2nd quarter. Pitcairn Co. now owns 22,073 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 1,077 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Lattice Semiconductor by 19.9% in the third quarter. First Mercantile Trust Co. now owns 12,752 shares of the semiconductor company’s stock worth $233,000 after buying an additional 2,118 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Lattice Semiconductor by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,086 shares of the semiconductor company’s stock worth $395,000 after buying an additional 2,180 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Lattice Semiconductor by 1.2% in the third quarter. California State Teachers Retirement System now owns 194,335 shares of the semiconductor company’s stock worth $3,553,000 after buying an additional 2,321 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Lattice Semiconductor by 15.5% during the second quarter. Aperio Group LLC now owns 19,214 shares of the semiconductor company’s stock valued at $280,000 after buying an additional 2,572 shares during the last quarter. Institutional investors own 95.34% of the company’s stock.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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