Wall Street analysts expect Lattice Semiconductor Corporation (NASDAQ:LSCC) to post $0.03 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lattice Semiconductor’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.04. Lattice Semiconductor reported earnings per share of $0.10 during the same quarter last year, which suggests a negative year over year growth rate of 70%. The firm is scheduled to report its next earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Lattice Semiconductor will report full-year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.16. For the next financial year, analysts anticipate that the business will post earnings of $0.38 per share, with EPS estimates ranging from $0.30 to $0.44. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Lattice Semiconductor.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. The company had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $92.00 million. During the same quarter in the previous year, the business posted $0.05 EPS.
LSCC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Craig Hallum restated a “hold” rating and issued a $6.00 target price (down previously from $8.30) on shares of Lattice Semiconductor in a report on Thursday, September 14th. Jefferies Group lowered their target price on shares of Lattice Semiconductor from $8.30 to $6.50 and set a “hold” rating for the company in a report on Thursday, September 14th. BidaskClub cut shares of Lattice Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $8.00 target price on shares of Lattice Semiconductor in a report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.00.
Several institutional investors have recently modified their holdings of LSCC. Amalgamated Bank raised its position in Lattice Semiconductor by 7.5% in the 2nd quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,102 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at $107,000. BNP Paribas Arbitrage SA raised its position in Lattice Semiconductor by 723.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 20,608 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 18,105 shares during the last quarter. FNY Partners Fund LP raised its position in Lattice Semiconductor by 100.8% in the 2nd quarter. FNY Partners Fund LP now owns 25,900 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Bluefin Trading LLC purchased a new stake in Lattice Semiconductor in the 2nd quarter valued at $176,000. Institutional investors and hedge funds own 85.71% of the company’s stock.
Shares of Lattice Semiconductor (NASDAQ:LSCC) traded up $0.09 during trading on Monday, hitting $5.67. 497,146 shares of the stock traded hands, compared to its average volume of 827,552. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 2.20. The firm has a market cap of $695.78, a PE ratio of 62.67, a price-to-earnings-growth ratio of 6.04 and a beta of 1.57.
About Lattice Semiconductor
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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