Lattice Semiconductor Corp (NASDAQ:LSCC) – Equities researchers at William Blair issued their FY2019 earnings per share estimates for Lattice Semiconductor in a report issued on Tuesday, December 3rd, Zacks Investment Research reports. William Blair analyst anticipates that the semiconductor company will post earnings of $0.46 per share for the year. William Blair currently 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.
LSCC has been the subject of a number of other research reports. BidaskClub cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, November 30th. Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $24.00 price objective on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. ValuEngine downgraded shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Cowen raised their price objective on shares of Lattice Semiconductor from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.83.
Shares of LSCC stock traded down $0.75 during trading hours on Friday, reaching $19.23. The company had a trading volume of 1,259,291 shares, compared to its average volume of 1,029,807. The company has a 50 day moving average of $19.28 and a 200 day moving average of $18.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.94 and a quick ratio of 2.20. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 51.23, a P/E/G ratio of 3.55 and a beta of 1.32. Lattice Semiconductor has a 1-year low of $6.68 and a 1-year high of $21.58.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $103.47 million for the quarter, compared to the consensus estimate of $103.06 million. Lattice Semiconductor had a return on equity of 18.64% and a net margin of 5.60%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS.
In related news, VP Stephen Douglass sold 13,298 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $19.66, for a total value of $261,438.68. Following the transaction, the vice president now owns 39,890 shares in the company, valued at $784,237.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Byron Wayne Milstead sold 71,400 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $19.36, for a total transaction of $1,382,304.00. Following the completion of the transaction, the vice president now owns 86,598 shares in the company, valued at approximately $1,676,537.28. The disclosure for this sale can be found here. Insiders have sold 99,847 shares of company stock worth $1,939,671 over the last ninety days. Insiders own 0.78% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. KCL Capital L.P. increased its stake in Lattice Semiconductor by 28.6% in the third quarter. KCL Capital L.P. now owns 900,000 shares of the semiconductor company’s stock valued at $16,457,000 after purchasing an additional 200,000 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in Lattice Semiconductor by 13.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 40,281 shares of the semiconductor company’s stock valued at $737,000 after purchasing an additional 4,793 shares in the last quarter. Millennium Management LLC increased its stake in Lattice Semiconductor by 303.9% in the third quarter. Millennium Management LLC now owns 116,800 shares of the semiconductor company’s stock valued at $2,135,000 after purchasing an additional 87,880 shares in the last quarter. Squarepoint Ops LLC increased its stake in Lattice Semiconductor by 99.6% in the third quarter. Squarepoint Ops LLC now owns 207,206 shares of the semiconductor company’s stock valued at $3,789,000 after purchasing an additional 103,408 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in Lattice Semiconductor by 126.4% in the third quarter. Voloridge Investment Management LLC now owns 31,749 shares of the semiconductor company’s stock valued at $581,000 after purchasing an additional 17,728 shares in the last quarter. Institutional investors and hedge funds own 95.14% 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.
