Lattice Semiconductor Corporation (NASDAQ:LSCC) Releases Earnings Results
Lattice Semiconductor Corporation (NASDAQ:LSCC) announced its quarterly earnings data on Tuesday. The semiconductor company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.07, Morningstar.com reports. Lattice Semiconductor Corporation had a positive return on equity of 3.72% and a negative net margin of 9.57%. The firm had revenue of $94.14 million during the quarter, compared to the consensus estimate of $105.60 million.
Shares of Lattice Semiconductor Corporation (LSCC) traded down 6.81% during mid-day trading on Wednesday, hitting $6.29. The company’s stock had a trading volume of 845,459 shares. Lattice Semiconductor Corporation has a 1-year low of $5.63 and a 1-year high of $7.99. The company’s market cap is $768.51 million. The company has a 50-day moving average of $6.71 and a 200 day moving average of $6.90.
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In other news, Director Robin Ann Abrams sold 9,091 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $7.00, for a total transaction of $63,637.00. Following the sale, the director now directly owns 82,035 shares in the company, valued at approximately $574,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.79% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC bought a new position in Lattice Semiconductor Corporation during the second quarter valued at $107,000. BNP Paribas Arbitrage SA boosted its position in Lattice Semiconductor Corporation by 723.3% in the second quarter. BNP Paribas Arbitrage SA now owns 20,608 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 18,105 shares during the last quarter. Principal Financial Group Inc. boosted its position in Lattice Semiconductor Corporation by 2.3% in the first quarter. Principal Financial Group Inc. now owns 22,916 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 510 shares during the last quarter. First Interstate Bank boosted its position in Lattice Semiconductor Corporation by 1.7% in the first quarter. First Interstate Bank now owns 30,453 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 500 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Lattice Semiconductor Corporation during the first quarter valued at $235,000. 86.59% of the stock is owned by institutional investors.
A number of analysts have commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $8.30 price objective on shares of Lattice Semiconductor Corporation in a research report on Thursday, April 27th. Zacks Investment Research upgraded Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
About Lattice Semiconductor Corporation
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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