Lattice Semiconductor (NASDAQ:LSCC) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03, MarketWatch Earnings reports. Lattice Semiconductor had a return on equity of 16.60% and a net margin of 11.31%. The firm had revenue of $115.72 million for the quarter, compared to analysts’ expectations of $110.12 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. Lattice Semiconductor updated its Q2 2021 guidance to – EPS.
Shares of NASDAQ:LSCC traded down $1.28 during trading on Tuesday, reaching $47.81. The company had a trading volume of 2,432,800 shares, compared to its average volume of 1,581,484. Lattice Semiconductor has a twelve month low of $21.10 and a twelve month high of $58.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.18 and a current ratio of 3.86. The firm has a market capitalization of $6.52 billion, a PE ratio of 144.88, a price-to-earnings-growth ratio of 9.08 and a beta of 1.04. The firm’s fifty day moving average is $49.35 and its 200 day moving average is $44.08.
Several research firms recently weighed in on LSCC. Colliers Securities restated a “buy” rating on shares of Lattice Semiconductor in a research report on Thursday, January 28th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 17th. Cowen raised their target price on shares of Lattice Semiconductor from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, February 17th. Craig Hallum upped their price objective on shares of Lattice Semiconductor from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, February 17th. Finally, Susquehanna Bancshares lowered Lattice Semiconductor from a “positive” rating to a “neutral” rating in a research note on Monday, April 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.56.
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 Certus-NX and ECP, MachXO, iCE40, and CrossLink. It also provides video connectivity application specific standard products.
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