Lattice Semiconductor (NASDAQ:LSCC) Updates Q4 Earnings Guidance

Lattice Semiconductor (NASDAQ:LSCC) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.15 to $0.23 for the period, compared to the consensus estimate of $0.26. The company issued revenue guidance of $112 million to $122 million, compared to the consensus revenue estimate of $132.02 million. Lattice Semiconductor also updated its Q4 2024 guidance to EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LSCC. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. TD Cowen raised shares of Lattice Semiconductor to a “strong-buy” rating in a report on Monday, September 16th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Finally, Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Lattice Semiconductor Stock Down 0.7 %

LSCC stock traded down $0.38 during midday trading on Monday, reaching $51.89. 3,697,182 shares of the company’s stock traded hands, compared to its average volume of 2,375,405. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 38.10 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm’s fifty day moving average price is $50.06 and its 200-day moving average price is $57.39.

Insider Activity

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the 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 completion of the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Company Profile

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.