Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) posted its quarterly earnings data on Monday. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01), Briefing.com reports. The firm had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.67%. Lattice Semiconductor’s revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. Lattice Semiconductor updated its Q3 2024 guidance to EPS.
Lattice Semiconductor Stock Up 6.2 %
Lattice Semiconductor stock traded up $3.11 during mid-day trading on Wednesday, hitting $52.88. 1,544,098 shares of the company’s stock traded hands, compared to its average volume of 2,217,416. The company has a market cap of $7.27 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 11.96 and a beta of 1.39. The firm has a 50 day moving average price of $61.94 and a 200 day moving average price of $68.76. Lattice Semiconductor has a one year low of $47.58 and a one year high of $98.30.
Insider Activity at Lattice Semiconductor
In related news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the transaction, the director now directly owns 1,920 shares in the company, valued at approximately $132,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares of the company’s stock, valued at $132,864. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock valued at $3,664,529 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Analysis on LSCC
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.
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