Analysts Anticipate Lattice Semiconductor Corp (LSCC) Will Post Earnings of $0.05 Per Share

Wall Street analysts expect that Lattice Semiconductor Corp (NASDAQ:LSCC) will report earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lattice Semiconductor’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.04. Lattice Semiconductor posted earnings of $0.06 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings report on Tuesday, May 8th.

On average, analysts expect that Lattice Semiconductor will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.30 to $0.31. For the next financial year, analysts forecast that the firm will post earnings of $0.46 per share, with EPS estimates ranging from $0.45 to $0.47. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Lattice Semiconductor.

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

A number of brokerages have issued reports on LSCC. ValuEngine downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. BidaskClub raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Zacks Investment Research downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Lattice Semiconductor has a consensus rating of “Hold” and a consensus target price of $7.00.

NASDAQ LSCC traded down $0.20 during trading on Tuesday, reaching $5.23. 840,017 shares of the company’s stock were exchanged, compared to its average volume of 795,168. The company has a quick ratio of 2.19, a current ratio of 3.15 and a debt-to-equity ratio of 1.38. Lattice Semiconductor has a 1 year low of $5.05 and a 1 year high of $7.10.

Institutional investors and hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in Lattice Semiconductor by 7,975.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 846,424 shares of the semiconductor company’s stock valued at $4,385,000 after purchasing an additional 835,943 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Lattice Semiconductor by 2.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 509,124 shares of the semiconductor company’s stock valued at $2,653,000 after buying an additional 12,952 shares in the last quarter. Jane Street Group LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at approximately $107,000. Boston Advisors LLC lifted its stake in Lattice Semiconductor by 56.5% in the 4th quarter. Boston Advisors LLC now owns 142,245 shares of the semiconductor company’s stock valued at $822,000 after buying an additional 51,380 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Lattice Semiconductor in the 4th quarter valued at approximately $180,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

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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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