These Analysts Slash Their Forecasts On Lattice Semiconductor After Downbeat Earnings
These Analysts Slash Their Forecasts On Lattice Semiconductor After Downbeat Earnings
Lattice Semiconductor Corporation (NASDAQ:LSCC) reported worse-than-expected second-quarter financial results and issued weak third-quarter revenue guidance on Monday.
莱迪思半导体公司（NASDAQ：LSCC）周一公布了比预期更糟糕的第二季度财务业绩，并发布了晦涩的2024年第三季度收入预测。
Lattice Semiconductor reported quarterly earnings of 23 cents per share, which missed the analyst consensus estimate of 24 cents per share. Quarterly sales came in at $124.076 million, which missed the analyst consensus estimate of $130.172 million, according to data from Benzinga Pro.
据Benzinga Pro的数据，Lattice Semiconductor第二季度每股收益为23美分，低于分析师预期的24美分。每股销售额124,076,000美元，低于分析师预期的13,017.2万美元。
"Second quarter 2024 results reflect the impact of cyclic industry headwinds. While the industry continues to go through a period of inventory normalization, we are starting to see signs of improvement. We continue to execute on our ongoing product portfolio expansion and remain well positioned for long-term growth," said Esam Elashmawi, interim CEO of Lattice.
"2024年第二季度的业绩反映了周期性行业逆风的影响。虽然行业继续经历库存正常化期，但我们开始看到改善的迹象。我们继续执行我们的产品组合扩展，并保持在长期增长的良好位置。"莱迪思公司临时CEO Esam Elashmawi表示。
Lattice said it expects revenue for the third quarter of 2024 to be between $117 million and $137 million and gross margin to be 69%, plus or minus 1%.
莱迪思表示，预计2024年第三季度的营业收入将在1.17亿美元至1.37亿美元之间，毛利率为69%，结果会相差1%。
Lattice Semiconductor shares fell 8.1% to trade at $50.50 on Tuesday.
周二，莱迪思半导体股价下跌8.1％，报50.50美元。
These analysts made changes to their price targets on Lattice Semiconductor following the announcement.
这些分析师在莱迪思半导体发布公告后对其价格目标进行了调整。
- B of A Securities analyst Blake Friedman downgraded Lattice Semiconductor from Neutral to Underperform, while lowering the price target from $83 to $47.
- Stifel analyst Ruben Roy maintained the stock with a Hold rating, while lowering the price target from $67 to $55.
- Needham analyst Quinn Bolton maintained Lattice Semiconductor with a Buy rating, while cutting the price target from $80 to $61.
- Susquehanna analyst Christopher Rolland maintained the stock with a Positive rating, while lowering the price target from $85 to $65.
- TD Cowen analyst Matt Ramsay maintained Lattice Semiconductor with a Buy rating, while lowering the price target from $80 to $60.
- Keybanc analyst John Vinh maintained the stock with an Overweight rating, while cutting the price target from $85 to $60.
- Deutsche Bank analyst Melissa Weathers maintained Lattice Semiconductor with a Buy and lowered the price target from $82 to $56.
- b of A证券分析师Blake Friedman将Lattice Semiconductor的评级从中立下调至减持，同时将价格目标从83美元下调至47美元。
- 斯提费尔分析师Ruben Roy保持了持有评级，同时将价格目标从67美元下调至55美元。
- Needham分析师Quinn Bolton维持莱迪思半导体的买入评级，同时将价格目标从80美元下调到61美元。
- Susquehanna分析师Christopher Rolland保持股票的正面评级，同时将价格目标从85美元下调至65美元。
- TD Cowen分析师Matt Ramsay维持莱迪思半导体的买入评级，同时将价格目标从80美元下调至60美元。
- Keybanc分析师John Vinh维持莱迪思半导体的超配评级，同时将价格目标从85美元下调至60美元。
- 德意志银行分析师Melissa Weathers维持对Lattice Semiconductor的买入评级，并将价格目标从82美元下调至56美元。
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