Lattice Semiconductor (NASDAQ:LSCC) Releases Q4 Earnings Guidance

Lattice Semiconductor (NASDAQ:LSCC) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.15 to $0.23 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

LSCC has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Susquehanna cut their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Finally, 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. Two investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $58.25.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $1.73 during mid-day trading on Tuesday, reaching $50.16. 4,996,052 shares of the company’s stock were exchanged, compared to its average volume of 2,388,059. The firm has a 50-day moving average price of $50.15 and a two-hundred day moving average price of $57.27. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 37.51 and a beta of 1.39. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, sell-side analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

About Lattice Semiconductor

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.