Lattice Semiconductor (LSCC) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Lattice Semiconductor (LSCC) reported quarterly earnings results on Monday, May-9-2016. The company reported $-0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $-0.01. The company posted revenue of $96.50 million in the period, compared to analysts expectations of $98.00 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Lattice Semiconductor. Lattice Semiconductor was Downgraded by Craig Hallum to ” Hold” on Apr 14, 2016. Company shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 7.50 from a previous price target of $6.50 .Company shares were Reiterated by FBR Capital on Feb 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $6 .

Lattice Semiconductor closed down -0.15 points or -2.75% at $5.31 with 12,51,439 shares getting traded on Friday. Post opening the session at $5.4, the shares hit an intraday low of $5.28 and an intraday high of $5.47 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 30, 2015, Balaji Krishnamurthy (director) sold 10,000 shares at $7.00 per share price. According to the SEC, on Dec 2, 2015, Byron Wayne Milstead (VP Corp, General Counsel) sold 7,357 shares at $6.25 per share price. On Aug 18, 2015, Darin G Billerbeck (CEO) purchased 6,000 shares at $4.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Lattice Semiconductor Corporation (Lattice) designs develops and markets programmable logic products and related software. The Company also provides design services customer training field engineering and technical support. The Company has two programmable logic device (PLD) architectures which include field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs). Its product offerings under new category include LatticeECP5 MachXO3 Power Manager II and iCE40; products under mainstream include ispMACH4000ZE ispMACH 4000/Z LatticeECP2/M LatticeXP2 MachXO ispClock A/D/S and Software and IP and products under mature include ispXPLD FPSC ORCA 2 ORCA 3 ORCA 4 ispPAC ispLSI 8000V ispMACH 5000B ispMACH 2LV ispMACH 5LV ispLSI 2000V ispLSI 5000V ispMACH 5000VG 5-volt CPLDs ispGDX2 GDX/V ispMACH 4/LV iCE65 ispClock Power Manager I SPLDs LatticeECP and LatticeXP. It also includes Silicon Image Top Solutions and Silicon Image IP Cores.

Lattice Semiconductor

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