Equities analysts predict that Lattice Semiconductor Corporation (NASDAQ:LSCC) will announce $94.53 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lattice Semiconductor’s earnings, with the lowest sales estimate coming in at $94.50 million and the highest estimate coming in at $94.60 million. Lattice Semiconductor reported sales of $118.11 million in the same quarter last year, which indicates a negative year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Lattice Semiconductor will report full year sales of $94.53 million for the current financial year, with estimates ranging from $385.20 million to $385.30 million. For the next year, analysts forecast that the firm will report sales of $418.40 million per share, with estimates ranging from $403.90 million to $427.50 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Lattice Semiconductor.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The company had revenue of $91.97 million for the quarter, compared to the consensus estimate of $92.00 million. Lattice Semiconductor had a negative net margin of 17.49% and a positive return on equity of 4.39%. During the same period in the previous year, the firm earned $0.05 EPS.

Several equities research analysts have commented on LSCC shares. Zacks Investment Research raised shares of Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Craig Hallum reaffirmed a “hold” rating and set a $6.00 price objective (down from $8.30) on shares of Lattice Semiconductor in a report on Thursday, September 14th. Jefferies Group dropped their price objective on shares of Lattice Semiconductor from $8.30 to $6.50 and set a “hold” rating on the stock in a report on Thursday, September 14th. BidaskClub downgraded shares of Lattice Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $8.00 price objective on shares of Lattice Semiconductor in a report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in Lattice Semiconductor by 7.5% during the second quarter. Amalgamated Bank now owns 15,815 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,102 shares during the last quarter. Legal & General Group Plc increased its position in shares of Lattice Semiconductor by 2.7% during the second quarter. Legal & General Group Plc now owns 43,266 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 1,148 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Lattice Semiconductor by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 96,271 shares of the semiconductor company’s stock valued at $641,000 after buying an additional 3,086 shares during the period. Bank of New York Mellon Corp increased its position in shares of Lattice Semiconductor by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 498,295 shares of the semiconductor company’s stock valued at $3,317,000 after buying an additional 3,316 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Lattice Semiconductor by 4.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 81,810 shares of the semiconductor company’s stock valued at $566,000 after buying an additional 3,323 shares during the period. 85.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lattice Semiconductor (NASDAQ LSCC) opened at $5.64 on Wednesday. The company has a market cap of $714.29, a PE ratio of 65.00, a price-to-earnings-growth ratio of 6.27 and a beta of 1.57. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.55. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28.

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Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.

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Earnings History and Estimates for Lattice Semiconductor (NASDAQ:LSCC)

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