Lattice Semiconductor Corp (NASDAQ:LSCC) – Equities researchers at Dougherty & Co boosted their FY2019 EPS estimates for shares of Lattice Semiconductor in a research report issued on Wednesday, May 1st. Dougherty & Co analyst C. Anderson now anticipates that the semiconductor company will earn $0.37 per share for the year, up from their prior forecast of $0.29.
Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.95% and a negative net margin of 3.25%. The company had revenue of $98.09 million during the quarter, compared to analyst estimates of $96.01 million. During the same period in the prior year, the firm earned $0.05 EPS. Lattice Semiconductor’s quarterly revenue was down .5% on a year-over-year basis.
Several other research firms have also recently weighed in on LSCC. Rosenblatt Securities reissued a “buy” rating and set a $14.50 price objective on shares of Lattice Semiconductor in a research report on Monday. raised Lattice Semiconductor from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $8.00 to $11.00 in a research report on Wednesday, February 13th. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 12th. Zacks Investment Research cut Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, raised Lattice Semiconductor from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $8.00 to $11.00 in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.98.
Shares of NASDAQ:LSCC opened at $13.49 on Thursday. Lattice Semiconductor has a fifty-two week low of $5.29 and a fifty-two week high of $14.93. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 61.32, a P/E/G ratio of 3.31 and a beta of 1.39. The company has a quick ratio of 3.13, a current ratio of 4.10 and a debt-to-equity ratio of 0.97.
A number of institutional investors and hedge funds have recently modified their holdings of LSCC. Legal & General Group Plc lifted its stake in shares of Lattice Semiconductor by 4.3% during the 4th quarter. Legal & General Group Plc now owns 54,633 shares of the semiconductor company’s stock valued at $378,000 after buying an additional 2,259 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Lattice Semiconductor by 26.2% in the fourth quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Lattice Semiconductor by 157.3% in the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 3,091 shares during the last quarter. Prudential Financial Inc. grew its holdings in Lattice Semiconductor by 14.4% in the fourth quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 3,781 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Lattice Semiconductor in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
In related news, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $12.56, for a total transaction of $50,240.00. Following the transaction, the director now directly owns 67,434 shares in the company, valued at $846,971.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Byron Wayne Milstead sold 41,911 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $12.32, for a total value of $516,343.52. Following the transaction, the vice president now owns 54,296 shares in the company, valued at $668,926.72. The disclosure for this sale can be found here. Insiders have sold a total of 85,180 shares of company stock valued at $999,721 in the last three months. 0.78% of the stock is owned by insiders.
About Lattice Semiconductor
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.