Lattice Semiconductor Corp (LSCC) Expected to Post Quarterly Sales of $97.50 Million

Equities research analysts expect that Lattice Semiconductor Corp (NASDAQ:LSCC) will report $97.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lattice Semiconductor’s earnings. Lattice Semiconductor posted sales of $104.59 million during the same quarter last year, which suggests a negative year over year growth rate of 6.8%. The company is expected to announce its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Lattice Semiconductor will report full year sales of $97.50 million for the current fiscal year, with estimates ranging from $407.40 million to $423.80 million. For the next year, analysts forecast that the company will post sales of $436.30 million per share, with estimates ranging from $428.10 million to $444.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Lattice Semiconductor.

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Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Lattice Semiconductor had a negative net margin of 18.28% and a positive return on equity of 0.50%. The firm had revenue of $95.27 million during the quarter, compared to analyst estimates of $94.53 million. During the same period in the prior year, the company earned $0.10 EPS.

Several research firms have recently issued reports on LSCC. BidaskClub raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Zacks Investment Research downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Finally, ValuEngine downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.00.

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Lattice Semiconductor by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 96,271 shares of the semiconductor company’s stock valued at $641,000 after acquiring an additional 3,086 shares during the last quarter. Aperio Group LLC boosted its holdings in Lattice Semiconductor by 57.2% in the fourth quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 10,070 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Lattice Semiconductor by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 471,924 shares of the semiconductor company’s stock valued at $2,728,000 after acquiring an additional 11,624 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Lattice Semiconductor by 2.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 509,124 shares of the semiconductor company’s stock valued at $2,653,000 after acquiring an additional 12,952 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Lattice Semiconductor in the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 88.53% of the company’s stock.

LSCC stock traded up $0.03 during trading on Friday, hitting $6.19. The stock had a trading volume of 428,251 shares, compared to its average volume of 1,294,067. Lattice Semiconductor has a one year low of $5.05 and a one year high of $7.55. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.15 and a quick ratio of 2.19. The firm has a market capitalization of $755.20, a P/E ratio of -10.67, a P/E/G ratio of 1.62 and a beta of 1.59.

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Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

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