Brokers Set Expectations for Lattice Semiconductor Co.’s Q2 2022 Earnings (NASDAQ:LSCC)

Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) – Investment analysts at Jefferies Financial Group raised their Q2 2022 earnings estimates for Lattice Semiconductor in a research report issued to clients and investors on Wednesday, May 4th. Jefferies Financial Group analyst M. Lipacis now expects that the semiconductor company will earn $0.29 per share for the quarter, up from their prior estimate of $0.24. Jefferies Financial Group also issued estimates for Lattice Semiconductor’s Q3 2022 earnings at $0.31 EPS and Q1 2023 earnings at $0.34 EPS.

Several other research analysts have also issued reports on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and set a $68.00 target price on shares of Lattice Semiconductor in a research report on Friday, February 11th. Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Saturday. Cowen decreased their price target on Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday, May 4th. Susquehanna Bancshares increased their price target on Lattice Semiconductor from $67.00 to $68.00 in a report on Wednesday, February 16th. Finally, Craig Hallum decreased their price target on Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Buy” and an average price target of $69.50.

Shares of NASDAQ:LSCC opened at $47.85 on Monday. The firm has a market cap of $6.58 billion, a P/E ratio of 59.81 and a beta of 1.14. The company has a quick ratio of 2.20, a current ratio of 3.02 and a debt-to-equity ratio of 0.32. Lattice Semiconductor has a 12-month low of $42.94 and a 12-month high of $85.45. The business has a fifty day simple moving average of $54.83 and a 200 day simple moving average of $64.40.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The semiconductor company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $150.50 million during the quarter, compared to analysts’ expectations of $146.25 million. Lattice Semiconductor had a return on equity of 29.28% and a net margin of 20.58%. Lattice Semiconductor’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS.

In other Lattice Semiconductor news, VP Stephen Douglass sold 959 shares of Lattice Semiconductor stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $55.56, for a total transaction of $53,282.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Robert Anderson sold 2,142 shares of Lattice Semiconductor stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $55.56, for a total value of $119,009.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 247,013 shares of company stock valued at $14,495,889. 1.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake 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 purchasing an additional 587,681 shares during the last quarter. Invesco Ltd. lifted its position in shares of Lattice Semiconductor by 4.1% during the 4th quarter. Invesco Ltd. now owns 6,541,890 shares of the semiconductor company’s stock worth $504,116,000 after buying an additional 255,695 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of 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 worth $395,380,000 after buying an additional 206,734 shares in the last quarter. State Street Corp lifted its position in shares of Lattice Semiconductor by 2.2% during the 4th quarter. State Street Corp now owns 4,678,959 shares of the semiconductor company’s stock worth $360,561,000 after buying an additional 100,412 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 worth $198,382,000 after buying an additional 73,197 shares in the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

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.

See Also

Earnings History and Estimates for Lattice Semiconductor (NASDAQ:LSCC)

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