$0.33 Earnings Per Share Expected for Lattice Semiconductor Co. (NASDAQ:LSCC) This Quarter

Brokerages expect Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) to post earnings per share of $0.33 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Lattice Semiconductor’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.33. Lattice Semiconductor posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Lattice Semiconductor will report full-year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.45. For the next year, analysts anticipate that the firm will post earnings of $1.69 per share, with EPS estimates ranging from $1.56 to $1.80. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $141.80 million during the quarter, compared to analyst estimates of $134.07 million. Lattice Semiconductor had a return on equity of 25.31% and a net margin of 18.61%. During the same quarter last year, the company earned $0.12 earnings per share.

A number of equities research analysts have weighed in on the company. Susquehanna Bancshares raised their price target on Lattice Semiconductor from $67.00 to $68.00 in a research report on Wednesday, February 16th. StockNews.com assumed coverage on Lattice Semiconductor in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Rosenblatt Securities restated a “buy” rating and set a $68.00 price target on shares of Lattice Semiconductor in a research report on Friday, February 11th. Zacks Investment Research downgraded Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Susquehanna raised their price target on Lattice Semiconductor from $67.00 to $68.00 in a research report on Wednesday, February 16th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.75.

NASDAQ:LSCC opened at $47.29 on Friday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 70.58, a P/E/G ratio of 4.85 and a beta of 1.02. Lattice Semiconductor has a 52-week low of $42.94 and a 52-week high of $85.45. The stock has a fifty day moving average of $57.26 and a 200 day moving average of $65.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.20 and a current ratio of 2.84.

In related news, VP Esam Elashmawi sold 857 shares of the business’s stock in a transaction dated Wednesday, February 2nd. The stock was sold at an average price of $57.53, for a total transaction of $49,303.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Robert Anderson sold 2,770 shares of the business’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $57.53, for a total value of $159,358.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 245,054 shares of company stock worth $14,433,759. Company insiders own 1.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Lattice Semiconductor by 2.8% during the 4th quarter. BlackRock Inc. now owns 21,633,746 shares of the semiconductor company’s stock valued at $1,667,096,000 after acquiring an additional 587,681 shares in the last quarter. Invesco Ltd. boosted its position in Lattice Semiconductor by 4.1% during the 4th quarter. Invesco Ltd. now owns 6,541,890 shares of the semiconductor company’s stock valued at $504,116,000 after acquiring an additional 255,695 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Lattice Semiconductor by 3.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,161,692 shares of the semiconductor company’s stock valued at $395,380,000 after acquiring an additional 206,734 shares in the last quarter. State Street Corp boosted its position in Lattice Semiconductor by 2.2% during the 4th quarter. State Street Corp now owns 4,678,959 shares of the semiconductor company’s stock valued at $360,561,000 after acquiring an additional 100,412 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Lattice Semiconductor by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,574,385 shares of the semiconductor company’s stock valued at $198,382,000 after acquiring an additional 73,197 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

About Lattice Semiconductor (Get Rating)

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, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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