Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Briefing.com reports. Lattice Semiconductor had a return on equity of 23.67% and a net margin of 30.26%. The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period in the previous year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down 34.7% on a year-over-year basis. Lattice Semiconductor updated its Q3 2024 guidance to EPS.
Lattice Semiconductor Stock Performance
Lattice Semiconductor stock opened at $51.33 on Wednesday. Lattice Semiconductor has a fifty-two week low of $47.58 and a fifty-two week high of $98.30. The firm has a 50 day moving average price of $61.94 and a 200 day moving average price of $68.76. The company has a market capitalization of $7.06 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 11.96 and a beta of 1.39.
Insider Activity at Lattice Semiconductor
In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at $57,037,564.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sherri R. Luther sold 16,465 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now owns 109,116 shares of the company’s stock, valued at approximately $7,854,169.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock worth $3,664,529. Insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Lattice Semiconductor
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.
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