$128.37 Million in Sales Expected for Lattice Semiconductor Co. (NASDAQ:LSCC) This Quarter

Equities research analysts expect that Lattice Semiconductor Co. (NASDAQ:LSCC) will announce sales of $128.37 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lattice Semiconductor’s earnings, with the lowest sales estimate coming in at $128.00 million and the highest estimate coming in at $129.10 million. Lattice Semiconductor posted sales of $103.04 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.6%. The company is expected to announce its next quarterly earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that Lattice Semiconductor will report full year sales of $498.87 million for the current financial year, with estimates ranging from $497.70 million to $501.00 million. For the next year, analysts anticipate that the business will post sales of $555.87 million, with estimates ranging from $550.50 million to $561.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Tuesday, August 3rd. The semiconductor company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The company had revenue of $125.91 million during the quarter, compared to analysts’ expectations of $120.40 million. Lattice Semiconductor had a net margin of 15.33% and a return on equity of 19.33%.

Several equities analysts recently weighed in on the stock. Susquehanna Bancshares reaffirmed a “hold” rating and set a $53.00 target price on shares of Lattice Semiconductor in a research note on Wednesday, August 4th. Cowen increased their price objective on shares of Lattice Semiconductor from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, August 4th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday. Rosenblatt Securities increased their price objective on shares of Lattice Semiconductor from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, August 4th. Finally, Zacks Investment Research lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Saturday, August 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.43.

LSCC traded up $0.07 during trading on Friday, hitting $68.10. 547,868 shares of the company traded hands, compared to its average volume of 1,256,187. The company has a market cap of $9.29 billion, a PE ratio of 141.88, a P/E/G ratio of 9.41 and a beta of 1.04. The stock’s 50-day simple moving average is $59.92 and its two-hundred day simple moving average is $53.61. Lattice Semiconductor has a 1 year low of $27.02 and a 1 year high of $68.76. The company has a current ratio of 3.91, a quick ratio of 3.17 and a debt-to-equity ratio of 0.38.

In other news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 23rd. The shares were sold at an average price of $68.23, for a total value of $682,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Robert Anderson sold 53,147 shares of the firm’s stock in a transaction dated Monday, August 2nd. The stock was sold at an average price of $57.09, for a total transaction of $3,034,162.23. The disclosure for this sale can be found here. Insiders sold a total of 367,581 shares of company stock valued at $22,298,914 in the last 90 days. Company insiders own 1.64% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LSCC. Liberty Wealth Management LLC lifted its holdings in Lattice Semiconductor by 5,519.2% during the 2nd quarter. Liberty Wealth Management LLC now owns 1,461 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 1,435 shares in the last quarter. Advisory Services Network LLC bought a new stake in Lattice Semiconductor during the 2nd quarter valued at about $55,000. US Bancorp DE lifted its holdings in Lattice Semiconductor by 31.7% during the 1st quarter. US Bancorp DE now owns 1,399 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 337 shares in the last quarter. Eaton Vance Management bought a new stake in Lattice Semiconductor during the 1st quarter valued at about $65,000. Finally, Maverick Capital Ltd. bought a new stake in Lattice Semiconductor during the 1st quarter valued at about $68,000. Institutional investors own 98.47% of the company’s stock.

About Lattice Semiconductor

Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.

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

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