$100.33 Million in Sales Expected for Lattice Semiconductor Corp (NASDAQ:LSCC) This Quarter

Wall Street brokerages forecast that Lattice Semiconductor Corp (NASDAQ:LSCC) will report sales of $100.33 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Lattice Semiconductor’s earnings, with estimates ranging from $100.00 million to $101.00 million. Lattice Semiconductor posted sales of $102.30 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Lattice Semiconductor will report full-year sales of $395.84 million for the current year, with estimates ranging from $390.20 million to $400.32 million. For the next fiscal year, analysts forecast that the business will report sales of $436.40 million, with estimates ranging from $428.70 million to $441.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, April 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Lattice Semiconductor had a return on equity of 20.60% and a net margin of 10.97%. The business had revenue of $97.32 million during the quarter, compared to analyst estimates of $98.29 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year.

Several analysts have recently weighed in on LSCC shares. BidaskClub raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Dougherty & Co reaffirmed a “buy” rating on shares of Lattice Semiconductor in a research note on Thursday, April 30th. Benchmark lifted their price target on shares of Lattice Semiconductor from $23.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Cowen lifted their price target on shares of Lattice Semiconductor from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Lattice Semiconductor has an average rating of “Buy” and an average price target of $24.71.

Shares of Lattice Semiconductor stock traded down $0.34 on Monday, hitting $27.53. 3,354,461 shares of the company traded hands, compared to its average volume of 1,455,676. The stock’s 50 day moving average price is $25.47 and its 200-day moving average price is $20.78. The company has a current ratio of 3.40, a quick ratio of 2.88 and a debt-to-equity ratio of 0.56. Lattice Semiconductor has a 52 week low of $13.54 and a 52 week high of $28.89. The company has a market cap of $3.71 billion, a PE ratio of 86.03, a PEG ratio of 7.96 and a beta of 1.27.

In related news, VP Stephen Douglass sold 7,053 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $21.43, for a total value of $151,145.79. Following the completion of the transaction, the vice president now owns 31,284 shares of the company’s stock, valued at $670,416.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.24% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its holdings in Lattice Semiconductor by 79.3% in the first quarter. BNP Paribas Arbitrage SA now owns 96,033 shares of the semiconductor company’s stock worth $1,711,000 after purchasing an additional 42,475 shares during the last quarter. Norges Bank purchased a new position in Lattice Semiconductor in the fourth quarter worth $33,195,000. JPMorgan Chase & Co. grew its holdings in Lattice Semiconductor by 8.3% in the first quarter. JPMorgan Chase & Co. now owns 236,789 shares of the semiconductor company’s stock worth $4,219,000 after purchasing an additional 18,203 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Lattice Semiconductor by 155.3% in the fourth quarter. Macquarie Group Ltd. now owns 317,435 shares of the semiconductor company’s stock worth $6,076,000 after purchasing an additional 193,088 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of Lattice Semiconductor by 40.5% during the first quarter. Hancock Whitney Corp now owns 29,102 shares of the semiconductor company’s stock valued at $519,000 after buying an additional 8,382 shares during the last quarter.

About Lattice Semiconductor

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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