Lattice Semiconductor (LSCC) Scheduled to Post Earnings on Monday

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. Lattice Semiconductor's revenue was down 34.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts expect Lattice Semiconductor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded up $0.21 during midday trading on Monday, reaching $54.55. The company had a trading volume of 1,552,910 shares, compared to its average volume of 2,370,760. The stock has a fifty day moving average price of $49.56 and a 200 day moving average price of $58.14. The firm has a market cap of $7.50 billion, a PE ratio of 35.63 and a beta of 1.39. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the business's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company's stock, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Sherri R. Luther sold 20,632 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares of the company's stock, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the business's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on LSCC. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Susquehanna lowered their target price on Lattice Semiconductor from $85.00 to $65.00 and set a "positive" rating for the company in a report on Tuesday, July 30th. Bank of America downgraded Lattice Semiconductor from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of "Moderate Buy" and an average target price of $63.08.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.