Lattice Semiconductor (LSCC, Financial) experienced a notable stock decline of 9.28% following the release of its quarterly earnings report. This movement was significantly more pronounced than the overall market trend, as indicated by the S&P 500's modest decrease.
The company reported a first-quarter revenue of approximately $120.2 million, reflecting a significant year-over-year decline of nearly 15%. Concurrently, the non-GAAP adjusted net income decreased by about 24% to $30.7 million, or $0.22 per share, closely aligning with analyst forecasts.
Lattice Semiconductor (LSCC, Financial) has provided guidance for the second quarter, projecting revenue to range between $118.5 million and $128.5 million, with an adjusted net income of $0.22 to $0.26 per share. Analysts are in line with this outlook, forecasting revenues of $123.6 million and adjusted earnings of $0.24 per share.
Currently, Lattice Semiconductor (LSCC, Financial) is trading at $47.59 with a market capitalization of $6.55 billion. The company shows a Price-to-Earnings (P/E) ratio of 128.62, indicating a potentially high valuation compared to earnings. Despite recent setbacks, Lattice Semiconductor boasts strong financial health, evidenced by its high Altman Z-Score of 34.04, suggesting low bankruptcy risk.
Moreover, the company is regarded positively in the industry for its financial strength, with multiple indicators suggesting a robust balance sheet and sustainable operating margins. Notably, Lattice Semiconductor is rated "Fairly Valued" with a GF Value of $52.49. For more details, you can refer to the GF Value.
On the downside, Lattice Semiconductor (LSCC, Financial) has faced challenges, such as a declining revenue per share over the past 12 months and recent insider selling activity, which can indicate potential operational or confidence issues.
Looking ahead, investors should carefully evaluate the company's guidance projections and consider the volatile market conditions affecting the technology sector before making any investment decisions regarding Lattice Semiconductor (LSCC, Financial).
