Lattice Semiconductor (NASDAQ:LSCC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS


Share on StockTwits

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.

In related news, Director John E. Major sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $45.84, for a total transaction of $45,840.00. Following the completion of the transaction, the director now owns 32,058 shares of the company’s stock, valued at approximately $1,469,538.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Bourgoin sold 5,777 shares of the stock in a transaction on Monday, March 29th. The shares were sold at an average price of $43.68, for a total transaction of $252,339.36. Following the completion of the sale, the director now directly owns 183,261 shares of the company’s stock, valued at $8,004,840.48. The disclosure for this sale can be found here. Insiders have sold a total of 144,720 shares of company stock valued at $6,500,678 in the last quarter. Insiders own 1.24% of the company’s stock.

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.

Recommended Story: How mutual funds make money

Earnings History for Lattice Semiconductor (NASDAQ:LSCC)

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.