Lattice Semiconductor Corp (NASDAQ:LSCC) – Equities research analysts at William Blair issued their FY2019 earnings per share (EPS) estimates for Lattice Semiconductor in a note issued to investors on Tuesday, December 3rd. William Blair analyst forecasts that the semiconductor company will post earnings per share of $0.46 for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Lattice Semiconductor’s Q4 2019 earnings at $0.11 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.15 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.57 EPS.
Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $103.47 million for the quarter, compared to analyst estimates of $103.06 million. Lattice Semiconductor had a net margin of 5.60% and a return on equity of 18.64%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS.
NASDAQ:LSCC opened at $19.09 on Friday. The firm has a 50 day simple moving average of $19.17 and a 200-day simple moving average of $17.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.94 and a quick ratio of 2.20. The firm has a market cap of $2.55 billion, a PE ratio of 86.77, a P/E/G ratio of 3.38 and a beta of 1.32. Lattice Semiconductor has a 1-year low of $6.18 and a 1-year high of $21.58.
In other news, VP Stephen Douglass sold 13,298 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $19.66, for a total transaction of $261,438.68. Following the transaction, the vice president now directly owns 39,890 shares in the company, valued at approximately $784,237.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Byron Wayne Milstead sold 71,400 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $19.36, for a total transaction of $1,382,304.00. Following the completion of the sale, the vice president now directly owns 86,598 shares in the company, valued at $1,676,537.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,847 shares of company stock valued at $1,939,991. Corporate insiders own 0.78% of the company’s stock.
A number of hedge funds have recently modified their holdings of LSCC. KCL Capital L.P. grew its stake in shares of Lattice Semiconductor by 28.6% during the 3rd quarter. KCL Capital L.P. now owns 900,000 shares of the semiconductor company’s stock valued at $16,457,000 after buying an additional 200,000 shares during the period. Metropolitan Life Insurance Co NY raised its position in shares of Lattice Semiconductor by 13.5% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 40,281 shares of the semiconductor company’s stock worth $737,000 after buying an additional 4,793 shares during the period. Millennium Management LLC boosted its holdings in Lattice Semiconductor by 303.9% in the third quarter. Millennium Management LLC now owns 116,800 shares of the semiconductor company’s stock valued at $2,135,000 after acquiring an additional 87,880 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Lattice Semiconductor by 99.6% in the third quarter. Squarepoint Ops LLC now owns 207,206 shares of the semiconductor company’s stock valued at $3,789,000 after acquiring an additional 103,408 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Lattice Semiconductor by 126.4% in the third quarter. Voloridge Investment Management LLC now owns 31,749 shares of the semiconductor company’s stock valued at $581,000 after acquiring an additional 17,728 shares during the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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