$0.12 EPS Expected for Lattice Semiconductor Corp (NASDAQ:LSCC) This Quarter

Brokerages expect that Lattice Semiconductor Corp (NASDAQ:LSCC) will report earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Lattice Semiconductor’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. Lattice Semiconductor reported earnings per share of $0.10 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that Lattice Semiconductor will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.51. For the next year, analysts anticipate that the business will post earnings of $0.64 per share, with EPS estimates ranging from $0.56 to $0.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The firm had revenue of $98.09 million for the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. Lattice Semiconductor’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share.

LSCC has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Lattice Semiconductor in a report on Monday, May 20th. Zacks Investment Research cut shares of Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, Cowen reduced their price objective on shares of TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.39.

In related news, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $14.38, for a total transaction of $57,520.00. Following the transaction, the director now directly owns 85,697 shares in the company, valued at $1,232,322.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Esam Elashmawi purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average price of $12.17 per share, for a total transaction of $60,850.00. Following the completion of the acquisition, the vice president now owns 25,000 shares of the company’s stock, valued at approximately $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its position in Lattice Semiconductor by 157.3% in the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 3,091 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $72,000. Bank of Montreal Can raised its position in shares of Lattice Semiconductor by 226.5% in the first quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 4,231 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $81,000. Finally, GSA Capital Partners LLP raised its position in shares of Lattice Semiconductor by 26.2% in the fourth quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares during the period. Institutional investors and hedge funds own 90.57% of the company’s stock.

NASDAQ:LSCC traded up $0.19 during trading hours on Friday, reaching $16.37. The company had a trading volume of 1,144,617 shares, compared to its average volume of 1,770,782. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 74.41, a price-to-earnings-growth ratio of 3.36 and a beta of 1.36. The stock has a 50-day moving average price of $14.70. Lattice Semiconductor has a twelve month low of $5.38 and a twelve month high of $17.07.

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.

Further Reading: Tariff

Get a free copy of the Zacks research report on Lattice Semiconductor (LSCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.