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.
萊迪思半導體公司（NASDAQ：LSCC）週一公佈了比預期更糟糕的第二季度財務業績，併發布了晦澀的2024年第三季度收入預測。
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.
據Benzinga Pro的數據，Lattice Semiconductor第二季度每股收益爲23美分，低於分析師預期的24美分。每股銷售額124,076,000美元，低於分析師預期的13,017.2萬美元。
"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年第二季度的業績反映了週期性行業逆風的影響。雖然行業繼續經歷庫存正常化期，但我們開始看到改善的跡象。我們繼續執行我們的產品組合擴展，並保持在長期增長的良好位置。"萊迪思公司臨時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%.
萊迪思表示，預計2024年第三季度的營業收入將在1.17億美元至1.37億美元之間，毛利率爲69%，結果會相差1%。
Lattice Semiconductor shares fell 8.1% to trade at $50.50 on Tuesday.
週二，萊迪思半導體股價下跌8.1％，報50.50美元。
These analysts made changes to their price targets on Lattice Semiconductor following the announcement.
這些分析師在萊迪思半導體發佈公告後對其價格目標進行了調整。
- 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證券分析師Blake Friedman將Lattice Semiconductor的評級從中立下調至減持，同時將價格目標從83美元下調至47美元。
- 斯提費爾分析師Ruben Roy保持了持有評級，同時將價格目標從67美元下調至55美元。
- Needham分析師Quinn Bolton維持萊迪思半導體的買入評級，同時將價格目標從80美元下調到61美元。
- Susquehanna分析師Christopher Rolland保持股票的正面評級，同時將價格目標從85美元下調至65美元。
- TD Cowen分析師Matt Ramsay維持萊迪思半導體的買入評級，同時將價格目標從80美元下調至60美元。
- Keybanc分析師John Vinh維持萊迪思半導體的超配評級，同時將價格目標從85美元下調至60美元。
- 德意志銀行分析師Melissa Weathers維持對Lattice Semiconductor的買入評級，並將價格目標從82美元下調至56美元。
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