Lattice Semiconductor Corp (NASDAQ:LSCC) – Equities researchers at Jefferies Financial Group increased their Q2 2019 EPS estimates for Lattice Semiconductor in a report issued on Wednesday, May 1st. Jefferies Financial Group analyst M. Lipacis now forecasts that the semiconductor company will earn $0.10 per share for the quarter, up from their prior estimate of $0.09. Jefferies Financial Group also issued estimates for Lattice Semiconductor’s Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.39 EPS.
Other analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.50 price objective on shares of Lattice Semiconductor in a report on Monday, April 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Lattice Semiconductor in a report on Friday, March 1st. Zacks Investment Research downgraded shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Cowen assumed coverage on shares of Lattice Semiconductor in a report on Friday, February 22nd. They set an “outperform” rating and a $15.00 price target on the stock. Finally, raised shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and increased their price target for the stock from $8.00 to $11.00 in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. Lattice Semiconductor presently has an average rating of “Buy” and a consensus price target of $11.80.
LSCC stock opened at $14.78 on Monday. The firm has a market capitalization of $1.95 billion, a PE ratio of 67.18, a price-to-earnings-growth ratio of 3.48 and a beta of 1.39. The company has a current ratio of 4.10, a quick ratio of 3.13 and a debt-to-equity ratio of 0.97. Lattice Semiconductor has a 12 month low of $5.37 and a 12 month high of $14.93.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $98.09 million during the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.95%. The firm’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share.
A number of large investors have recently bought and sold shares of LSCC. Frontier Capital Management Co. LLC acquired a new position in Lattice Semiconductor during the fourth quarter worth $15,861,000. Vaughan Nelson Investment Management L.P. acquired a new position in Lattice Semiconductor during the fourth quarter worth $13,656,000. Norges Bank acquired a new position in Lattice Semiconductor during the fourth quarter worth $10,998,000. Rice Hall James & Associates LLC acquired a new position in Lattice Semiconductor during the first quarter worth $11,610,000. Finally, Vanguard Group Inc raised its position in Lattice Semiconductor by 8.7% during the third quarter. Vanguard Group Inc now owns 11,291,967 shares of the semiconductor company’s stock worth $90,335,000 after acquiring an additional 899,669 shares during the period. Institutional investors own 90.46% of the company’s stock.
In related news, Director Mark Edwin Jensen sold 4,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $12.56, for a total transaction of $50,240.00. Following the sale, the director now directly owns 67,434 shares of the company’s stock, valued at $846,971.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Byron Wayne Milstead sold 41,911 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $12.32, for a total transaction of $516,343.52. Following the sale, the vice president now directly owns 54,296 shares in the company, valued at $668,926.72. The disclosure for this sale can be found here. Insiders have sold 85,180 shares of company stock worth $999,721 over the last three months. 0.78% of the stock is currently owned by insiders.
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.