$0.08 Earnings Per Share Expected for Lattice Semiconductor Corp (LSCC) This Quarter

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Wall Street analysts forecast that Lattice Semiconductor Corp (NASDAQ:LSCC) will post earnings per share of $0.08 for the current quarter, Zacks reports. Two analysts have made estimates for Lattice Semiconductor’s earnings. Lattice Semiconductor posted earnings of $0.01 per share during the same quarter last year, which suggests a positive year over year growth rate of 700%. The firm is scheduled to report its next earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Lattice Semiconductor will report full year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.33 to $0.34. For the next fiscal year, analysts forecast that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.32 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $101.48 million for the quarter, compared to analyst estimates of $101.50 million. Lattice Semiconductor had a positive return on equity of 8.68% and a negative net margin of 6.64%.

Several equities analysts recently commented on the company. Robert W. Baird boosted their price target on Lattice Semiconductor from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Craig Hallum set a $9.00 price target on Lattice Semiconductor and gave the stock a “hold” rating in a research report on Wednesday, October 3rd. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, October 10th. Finally, ValuEngine raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.70.

In other Lattice Semiconductor news, CFO Maxwell J. Downing sold 118,860 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $8.13, for a total value of $966,331.80. Following the transaction, the chief financial officer now directly owns 44,458 shares of the company’s stock, valued at approximately $361,443.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Glen Hawk sold 20,929 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $8.05, for a total value of $168,478.45. The disclosure for this sale can be found here. Corporate insiders own 2.83% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of Lattice Semiconductor in the 2nd quarter valued at approximately $152,000. Cubist Systematic Strategies LLC increased its holdings in shares of Lattice Semiconductor by 205.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock valued at $237,000 after acquiring an additional 24,339 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Lattice Semiconductor in the 2nd quarter valued at approximately $275,000. JPMorgan Chase & Co. increased its holdings in shares of Lattice Semiconductor by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,979 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 10,587 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Lattice Semiconductor by 137.6% in the 1st quarter. Barclays PLC now owns 46,442 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 26,895 shares during the last quarter. 87.07% of the stock is currently owned by institutional investors.

Lattice Semiconductor stock traded up $0.09 during midday trading on Friday, hitting $6.02. 36,506 shares of the company were exchanged, compared to its average volume of 1,327,075. The firm has a market capitalization of $800.47 million, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $8.90.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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