Lattice Semiconductor (NASDAQ:LSCC) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) released its earnings results on Tuesday. The semiconductor company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04, MarketWatch Earnings reports. Lattice Semiconductor had a net margin of 18.61% and a return on equity of 25.31%. The company had revenue of $150.50 million for the quarter, compared to analyst estimates of $146.25 million. During the same quarter last year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year.

Shares of NASDAQ:LSCC opened at $50.25 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.84 and a quick ratio of 2.20. Lattice Semiconductor has a 1-year low of $42.94 and a 1-year high of $85.45. The company has a market capitalization of $6.91 billion, a P/E ratio of 75.00 and a beta of 1.14. The firm’s 50 day simple moving average is $55.56 and its two-hundred day simple moving average is $64.81.

In other news, CEO James Robert Anderson sold 2,142 shares of the business’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $55.56, for a total value of $119,009.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stephen Douglass sold 959 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $55.56, for a total transaction of $53,282.04. The disclosure for this sale can be found here. Insiders have sold 240,495 shares of company stock worth $14,171,480 in the last ninety days. Insiders own 1.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. JustInvest LLC raised its stake in Lattice Semiconductor by 10.5% during the fourth quarter. JustInvest LLC now owns 7,844 shares of the semiconductor company’s stock valued at $604,000 after purchasing an additional 746 shares in the last quarter. Wells Fargo & Company MN raised its stake in Lattice Semiconductor by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 209,322 shares of the semiconductor company’s stock valued at $16,131,000 after purchasing an additional 39,790 shares in the last quarter. NewEdge Advisors LLC raised its stake in Lattice Semiconductor by 5.3% during the fourth quarter. NewEdge Advisors LLC now owns 6,782 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 339 shares in the last quarter. California State Teachers Retirement System raised its stake in Lattice Semiconductor by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 189,439 shares of the semiconductor company’s stock valued at $14,598,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Lattice Semiconductor by 7.9% during the fourth quarter. Parametric Portfolio Associates LLC now owns 260,261 shares of the semiconductor company’s stock valued at $20,056,000 after purchasing an additional 18,944 shares in the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and set a $68.00 target price on shares of Lattice Semiconductor in a report on Friday, February 11th. StockNews.com began coverage on shares of Lattice Semiconductor in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Susquehanna cut their price target on shares of Lattice Semiconductor from $68.00 to $58.00 in a report on Wednesday. Cowen cut their price target on shares of Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday. Finally, Susquehanna Bancshares raised their price target on shares of Lattice Semiconductor from $67.00 to $68.00 in a report on Wednesday, February 16th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.75.

Lattice Semiconductor Company Profile (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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