Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) released its quarterly earnings results on Monday. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01), Briefing.com reports. The firm had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Lattice Semiconductor updated its Q3 2024 guidance to EPS.
Lattice Semiconductor Stock Down 8.5 %
Shares of Lattice Semiconductor stock opened at $50.28 on Tuesday. Lattice Semiconductor has a 52-week low of $47.58 and a 52-week high of $98.30. The company has a 50 day moving average of $62.41 and a 200 day moving average of $68.87. The company has a market capitalization of $6.92 billion, a P/E ratio of 35.23, a P/E/G ratio of 11.98 and a beta of 1.39.
Insider Activity
In other news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1,920 shares in the company, valued at approximately $132,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,566 shares of company stock worth $3,664,529. 1.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on Lattice Semiconductor
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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