Lattice Semiconductor (LSCC) to Release Earnings on Tuesday

Lattice Semiconductor (NASDAQ:LSCCGet Rating) will release its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Lattice Semiconductor to post earnings of $0.23 per share for the quarter. Lattice Semiconductor has set its Q1 2022 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last released its quarterly earnings results on Tuesday, February 15th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $134.07 million. Lattice Semiconductor had a net margin of 18.61% and a return on equity of 25.31%. During the same quarter in the previous year, the business posted $0.12 earnings per share. On average, analysts expect Lattice Semiconductor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:LSCC opened at $48.91 on Tuesday. The stock has a market cap of $6.73 billion, a P/E ratio of 73.00, a price-to-earnings-growth ratio of 4.85 and a beta of 1.02. The firm’s fifty day simple moving average is $57.03 and its 200 day simple moving average is $65.48. Lattice Semiconductor has a twelve month low of $42.94 and a twelve month high of $85.45. The company has a quick ratio of 2.20, a current ratio of 2.84 and a debt-to-equity ratio of 0.34.

In other Lattice Semiconductor news, CEO James Robert Anderson sold 2,770 shares of the stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $57.53, for a total transaction of $159,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 932 shares of the firm’s stock in a transaction that occurred on Wednesday, February 2nd. The shares were sold at an average price of $57.53, for a total value of $53,617.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,054 shares of company stock valued at $14,433,759. 1.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley increased its holdings in Lattice Semiconductor by 1,422.4% in the second quarter. Morgan Stanley now owns 566,980 shares of the semiconductor company’s stock valued at $31,852,000 after buying an additional 529,738 shares during the last quarter. Royal Bank of Canada lifted its position in Lattice Semiconductor by 15.9% in the third quarter. Royal Bank of Canada now owns 16,824 shares of the semiconductor company’s stock worth $1,089,000 after purchasing an additional 2,311 shares during the period. LPL Financial LLC increased its holdings in shares of Lattice Semiconductor by 11.5% in the third quarter. LPL Financial LLC now owns 7,629 shares of the semiconductor company’s stock valued at $493,000 after buying an additional 787 shares in the last quarter. Barclays PLC increased its holdings in shares of Lattice Semiconductor by 206.2% in the fourth quarter. Barclays PLC now owns 551,712 shares of the semiconductor company’s stock valued at $42,516,000 after buying an additional 371,515 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Lattice Semiconductor by 93.1% during the 4th quarter. Mackenzie Financial Corp now owns 15,328 shares of the semiconductor company’s stock valued at $1,181,000 after purchasing an additional 7,392 shares during the period. Institutional investors own 95.56% of the company’s stock.

Several equities analysts have commented on LSCC shares. StockNews.com started coverage on Lattice Semiconductor in a research report on Thursday, March 31st. They set a “hold” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $68.00 price objective on shares of Lattice Semiconductor in a research report on Friday, February 11th. Susquehanna Bancshares raised their price objective on Lattice Semiconductor from $67.00 to $68.00 in a research report on Wednesday, February 16th. Susquehanna raised their price objective on Lattice Semiconductor from $67.00 to $68.00 in a research report on Wednesday, February 16th. Finally, Zacks Investment Research downgraded shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.75.

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.

See Also

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.