Lattice Semiconductor (NASDAQ:LSCC) Updates Q4 Earnings Guidance

Lattice Semiconductor (NASDAQ:LSCC) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.15 to $0.23 for the period, compared to the consensus EPS estimate of $0.26. The company issued revenue guidance of $112 million to $122 million, compared to the consensus revenue estimate of $132.02 million. Lattice Semiconductor also updated its Q4 2024 guidance to EPS.

Analyst Ratings Changes

LSCC has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. KeyCorp decreased their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday. Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Trading Up 1.1 %

Lattice Semiconductor stock traded up $0.58 during midday trading on Thursday, reaching $54.75. 995,620 shares of the stock traded hands, compared to its average volume of 2,416,874. The company has a 50-day simple moving average of $50.40 and a two-hundred day simple moving average of $57.15. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $7.54 billion, a PE ratio of 52.59 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.92% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities research analysts anticipate that Lattice Semiconductor will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

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.