Analysts Anticipate Lattice Semiconductor Corp (NASDAQ:LSCC) Will Post Quarterly Sales of $100.00 Million

Brokerages forecast that Lattice Semiconductor Corp (NASDAQ:LSCC) will announce $100.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Lattice Semiconductor’s earnings. Lattice Semiconductor posted sales of $102.72 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Lattice Semiconductor will report full year sales of $402.60 million for the current year, with estimates ranging from $398.09 million to $407.10 million. For the next year, analysts forecast that the business will report sales of $432.30 million, with estimates ranging from $407.50 million to $457.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The company had revenue of $98.09 million for the quarter, compared to the consensus estimate of $96.01 million. During the same quarter in the previous year, the company posted $0.05 EPS. The business’s revenue was down .5% on a year-over-year basis.

Several research firms recently issued reports on LSCC. Cowen reiterated an “outperform” rating and set a $18.00 target price (up previously from $16.00) on shares of Lattice Semiconductor in a report on Tuesday, June 11th. Robert W. Baird reiterated a “buy” rating and set a $10.00 target price on shares of Lattice Semiconductor in a report on Friday, March 1st. Rosenblatt Securities began coverage on Lattice Semiconductor in a report on Thursday, February 28th. They set a “buy” rating and a $14.50 target price on the stock. BidaskClub lowered Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. Lattice Semiconductor presently has an average rating of “Buy” and an average price target of $12.15.

In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 3,632 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $12.14, for a total value of $44,092.48. Following the sale, the vice president now owns 12,385 shares in the company, valued at $150,353.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Esam Elashmawi acquired 5,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $12.17 per share, for a total transaction of $60,850.00. Following the purchase, the vice president now directly owns 25,000 shares of the company’s stock, valued at $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. grew its position in shares of Lattice Semiconductor by 679.6% in the first quarter. Marshall Wace North America L.P. now owns 426,868 shares of the semiconductor company’s stock valued at $5,093,000 after purchasing an additional 372,110 shares during the last quarter. Ibex Investors LLC acquired a new position in shares of Lattice Semiconductor in the first quarter valued at approximately $175,000. Prudential Financial Inc. grew its position in shares of Lattice Semiconductor by 14.4% in the fourth quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 3,781 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Lattice Semiconductor by 34.5% in the fourth quarter. Brown Advisory Inc. now owns 112,359 shares of the semiconductor company’s stock valued at $778,000 after purchasing an additional 28,812 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Lattice Semiconductor in the first quarter valued at approximately $599,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

LSCC opened at $14.39 on Friday. Lattice Semiconductor has a 52-week low of $5.38 and a 52-week high of $15.37. The stock has a market cap of $1.97 billion, a P/E ratio of 65.41, a P/E/G ratio of 3.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.06 and a current ratio of 4.01.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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