Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) released its quarterly earnings data on Monday. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Briefing.com reports. The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The company’s revenue was down 34.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. Lattice Semiconductor updated its Q3 2024 guidance to EPS.
Lattice Semiconductor Trading Down 8.6 %
Shares of Lattice Semiconductor stock traded down $4.74 during trading hours on Tuesday, hitting $50.22. 3,517,278 shares of the company were exchanged, compared to its average volume of 2,173,581. The business has a 50-day moving average of $62.41 and a 200-day moving average of $68.87. Lattice Semiconductor has a 1 year low of $47.58 and a 1 year high of $98.30. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 11.98 and a beta of 1.39.
Insider Buying and Selling at Lattice Semiconductor
In other news, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction dated 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 sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s 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 completion of the transaction, the director now owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Robert Anderson sold 30,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at $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 valued at $3,664,529. 1.80% of the stock is owned by company insiders.
Analyst Ratings Changes
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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.
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