Lattice Semiconductor (NASDAQ:LSCC) Posts Earnings Results

Lattice Semiconductor (NASDAQ:LSCC) announced its quarterly earnings results on Monday. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24, Briefing.com reports. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.92%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. Lattice Semiconductor updated its Q4 guidance to $0.15 to $0.23 EPS and its Q4 2024 guidance to EPS.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded up $0.77 during trading hours on Thursday, hitting $54.94. 634,172 shares of the company’s stock traded hands, compared to its average volume of 2,414,871. The business has a fifty day moving average price of $50.40 and a 200-day moving average price of $57.15. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The firm has a market capitalization of $7.57 billion, a P/E ratio of 52.59 and a beta of 1.39.

Analyst Ratings Changes

Several analysts recently commented on LSCC shares. KeyCorp cut their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird cut their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

About Lattice Semiconductor

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