Lattice Semiconductor (LSCC): Ramp Remains On Track - Baird

August 10, 2016 7:13 AM EDT
Get Alerts LSCC Hot Sheet
Price: $7.12 -0.56%

Rating Summary:
    6 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade LSCC Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Lattice Semiconductor (NASDAQ: LSCC) after the company reported 2Q16 EPS of $(0.03), below consensus of $0.01. GAAP EPS was ($0.12), PF revenue of $99.2 million was up 2.8% sequentially and in line with the midpoint of the guidance range of $97-$103 million. 2Q16 PF gross margin of 59.1% was 210bp higher than the midpoint of guidance of 55.0%-59.0%..

The midpoint of 3Q16 PF revenue guidance is below the $124.5 million consensus. 3Q16 revenue guidance is $110-$116 million, up 10.8% to up 16.9% sequentially.

The analyst stated "Product and design win diversification continues, with server wins starting to ramp late this year. 60GHZ technology remains promising with several end-market drivers"

No change to the price target of $8.00.

For an analyst ratings summary and ratings history on Lattice Semiconductor click here. For more ratings news on Lattice Semiconductor click here.

Shares of Lattice Semiconductor closed at $6.02 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Robert W Baird

Add Your Comment