Lattice Semiconductor (NASDAQ:LSCC) Releases Quarterly Earnings Results, Meets Estimates

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45, MarketWatch Earnings reports. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a return on equity of 40.88% and a net margin of 28.59%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $71.00 on Tuesday. The company has a market capitalization of $9.80 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 3.94 and a beta of 1.40. Lattice Semiconductor has a 52-week low of $51.96 and a 52-week high of $98.30. The company has a fifty day moving average of $66.09 and a 200-day moving average of $73.93.

Analyst Ratings Changes

Several brokerages recently issued reports on LSCC. KeyCorp cut their price target on Lattice Semiconductor from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Susquehanna cut their target price on Lattice Semiconductor from $95.00 to $75.00 and set a “positive” rating for the company in a research note on Tuesday, October 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Lattice Semiconductor in a research note on Thursday, November 30th. They set a “buy” rating and a $70.00 target price for the company. Needham & Company LLC cut their target price on Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Finally, Benchmark upped their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus target price of $89.33.

Get Our Latest Stock Report on LSCC

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 20,293 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $57.59, for a total value of $1,168,673.87. Following the completion of the sale, the senior vice president now directly owns 14,554 shares in the company, valued at $838,164.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 2,116 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $58.26, for a total transaction of $123,278.16. Following the sale, the senior vice president now owns 4,133 shares of the company’s stock, valued at $240,788.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 20,293 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $57.59, for a total transaction of $1,168,673.87. Following the sale, the senior vice president now directly owns 14,554 shares in the company, valued at approximately $838,164.86. The disclosure for this sale can be found here. Insiders sold 37,279 shares of company stock worth $2,230,073 over the last three months. Company insiders own 1.25% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently bought and sold shares of LSCC. Rockefeller Capital Management L.P. boosted its position in shares of Lattice Semiconductor by 404.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 344 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $33,000. Quarry LP boosted its position in shares of Lattice Semiconductor by 47.7% during the 1st quarter. Quarry LP now owns 384 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 124 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Lattice Semiconductor during the 1st quarter worth about $48,000. Finally, Belpointe Asset Management LLC lifted its position in Lattice Semiconductor by 70.6% in the 1st quarter. Belpointe Asset Management LLC now owns 947 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

About Lattice Semiconductor

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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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

Further Reading

Earnings History for Lattice Semiconductor (NASDAQ:LSCC)

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