Lattice Semiconductor
Market Cap
US$2.3b
Last Updated
2020/04/04 03:13 UTC
Data Sources
Company Financials +
Executive Summary
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Lattice Semiconductor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LSCC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
LSCC
-2.2%
US Semiconductor
-2.0%
US Market
1 Year Return
30.9%
LSCC
-2.3%
US Semiconductor
-15.1%
US Market
Return vs Industry: LSCC exceeded the US Semiconductor industry which returned -2.3% over the past year.
Return vs Market: LSCC exceeded the US Market which returned -15.1% over the past year.
Shareholder returns
| LSCC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -2.2% | -2.0% |
| 30 Day | -11.6% | -15.3% | -19.7% |
| 90 Day | -11.5% | -18.9% | -23.2% |
| 1 Year | 30.9%30.9% | -0.4%-2.3% | -13.4%-15.1% |
| 3 Year | 144.1%144.1% | 45.3%37.3% | 10.9%3.7% |
| 5 Year | 159.1%159.1% | 96.9%78.0% | 28.4%14.4% |
Price Volatility Vs. Market
How volatile is Lattice Semiconductor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
At US$14.86, Is Lattice Semiconductor Corporation (NASDAQ:LSCC) Worth Looking At Closely?1 month ago | Simply Wall St
Why We Like Lattice Semiconductor Corporation’s (NASDAQ:LSCC) 12% Return On Capital Employed1 month ago | Simply Wall St
Here's What Analysts Are Forecasting For Lattice Semiconductor Corporation After Its Full-Year ResultsValuation
Is Lattice Semiconductor undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LSCC ($16.84) is trading below our estimate of fair value ($49.56)
Significantly Below Fair Value: LSCC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LSCC is poor value based on its PE Ratio (51.3x) compared to the Semiconductor industry average (25.2x).
PE vs Market: LSCC is poor value based on its PE Ratio (51.3x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: LSCC is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: LSCC is overvalued based on its PB Ratio (6.9x) compared to the US Semiconductor industry average (2.2x).
Next Steps
Future Growth
How is Lattice Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
35.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LSCC's forecast earnings growth (35.7% per year) is above the savings rate (1.7%).
Earnings vs Market: LSCC's earnings (35.7% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LSCC's revenue (7.2% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: LSCC's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LSCC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Lattice Semiconductor performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LSCC has high quality earnings.
Growing Profit Margin: LSCC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: LSCC has become profitable over the past 5 years, growing earnings by 25.2% per year.
Accelerating Growth: LSCC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LSCC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).
Return on Equity
High ROE: LSCC's Return on Equity (13.3%) is considered low.
Next Steps
Financial Health
How is Lattice Semiconductor's financial position?
Financial Position Analysis
Short Term Liabilities: LSCC's short term assets ($262.4M) exceed its short term liabilities ($99.8M).
Long Term Liabilities: LSCC's short term assets ($262.4M) exceed its long term liabilities ($184.5M).
Debt to Equity History and Analysis
Debt Level: LSCC's debt to equity ratio (44.7%) is considered high.
Reducing Debt: Insufficient data to determine if LSCC's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: LSCC has a low level of unsold assets or inventory.
Debt Coverage by Assets: LSCC's debt is covered by short term assets (assets are 1.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LSCC is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: LSCC is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Lattice Semiconductor's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LSCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LSCC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LSCC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LSCC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LSCC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Jim Anderson (47yo)
1.58s
Tenure
US$7,191,400
Compensation
Mr. James Robert Anderson, also known as Jim, has been President, Chief Executive Officer and Director at Lattice Semiconductor Corporation since September 4, 2018. Mr. Anderson served as Senior Vice Presi ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD7.19M) is above average for companies of similar size in the US market ($USD4.73M).
Compensation vs Earnings: Insufficient data to compare Jim's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | US$7.19m | 0.34% $7.7m | |
| CFO & Corporate VP | 1.25yrs | US$653.92k | 0.045% $1.0m | |
| Corporate VP | 11.92yrs | US$3.05m | 0.0019% $43.7k | |
| Corporate Vice President of Research & Development | 1.58yrs | US$2.37m | 0.030% $668.0k | |
| Corporate VP | 1.58yrs | US$2.52m | 0.055% $1.3m | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Corporate Vice President of Human Resources | 0.75yr | no data | no data | |
| President of Asia Pacific Region | no data | no data | no data |
1.6yrs
Average Tenure
53yo
Average Age
Experienced Management: LSCC's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | US$7.19m | 0.34% $7.7m | |
| Independent Director | 8.58yrs | US$199.99k | 0.16% $3.7m | |
| Independent Director | 8.58yrs | US$199.99k | 0.16% $3.6m | |
| Independent Director | 2.08yrs | US$179.99k | 0.033% $744.1k | |
| Independent Director | 0.42yr | US$83.34k | no data | |
| Independent Director | 6.83yrs | US$204.99k | 0.12% $2.8m | |
| Independent Chairman of the Board | 1.92yrs | US$203.32k | 0.073% $1.6m | |
| Independent Director | 2.08yrs | US$194.99k | 0.017% $374.9k | |
| Independent Director | 2.08yrs | US$184.99k | 0.017% $381.9k |
2.1yrs
Average Tenure
59yo
Average Age
Experienced Board: LSCC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.
Top Shareholders
Company Information
Lattice Semiconductor Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lattice Semiconductor Corporation
- Ticker: LSCC
- Exchange: NasdaqGS
- Founded: 1983
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.264b
- Shares outstanding: 134.42m
- Website: https://www.latticesemi.com
Number of Employees
Location
- Lattice Semiconductor Corporation
- 5555 NE Moore Court
- Hillsboro
- Oregon
- 97124-6421
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LSCC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 1989 |
| LTT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1989 |
Biography
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, and CrossLink, as well as power and thermal management products; and development kits and boards. It also provides video connectivity application specific standard products, such as port processors, port controllers, video processors, transmitters, receivers, bridges, and converters for use in mobile devices, set-top-boxes, UHD TVs, home theater systems, PCs, projectors, and monitors; and various software tools, such as Lattice Diamond design software, radiant software, iCEcube2 design software, ispLEVER classic software, neural network compiler, LatticeMico system development tools, PAC-designer, programmer and deployment tools, and ORCAstra, a PC-based graphical user interface. In addition, the company licenses its technology portfolio through standard IP and IP core licensing, patent monetization, and IP services. It sells its products directly to end customers, and indirectly through a network of independent manufacturers’ representatives and independent distributors. The company primarily serves original equipment manufacturers in the communications and computing, consumer, and industrial and automotive end markets. Lattice Semiconductor Corporation was founded in 1983 and is headquartered in Hillsboro, Oregon.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 03:13 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/28 |
| Annual Earnings | 2019/12/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.