NasdaqGS:LSCC

Stock Analysis Report

Executive Summary

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas.


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

3.5%

LSCC

6.4%

US Semiconductor

2.4%

US Market


1 Year Return

44.2%

LSCC

7.3%

US Semiconductor

-10.0%

US Market

Return vs Industry: LSCC exceeded the US Semiconductor industry which returned 3.4% over the past year.

Return vs Market: LSCC exceeded the US Market which returned -13.3% over the past year.


Shareholder returns

LSCCIndustryMarket
7 Day3.5%6.4%2.4%
30 Day-1.2%-3.7%-11.0%
90 Day-13.1%-11.9%-19.4%
1 Year44.2%44.2%9.3%7.3%-8.1%-10.0%
3 Year171.4%171.4%61.0%52.0%17.3%9.6%
5 Year189.8%189.8%117.5%96.6%36.1%21.1%

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

Valuation

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 ($18.43) is trading below our estimate of fair value ($50.04)

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 (56.1x) compared to the Semiconductor industry average (25.1x).

PE vs Market: LSCC is poor value based on its PE Ratio (56.1x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: LSCC is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: LSCC is overvalued based on its PB Ratio (7.5x) compared to the US Semiconductor industry average (2.3x).


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% 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.

Debt Coverage: LSCC's debt is well covered by operating cash flow (84.7%).

Interest Coverage: LSCC's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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 ($USD7.19M) is about average for companies of similar size in the US market ($USD5.69M).

Compensation vs Earnings: Insufficient data to compare Jim's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
James Anderson
President1.58yrsUS$7.19m0.33% $8.2m
Sherri Luther
CFO & Corporate VP1.25yrsUS$653.92k0.049% $1.2m
Byron Milstead
Corporate VP11.92yrsUS$3.05m0.0019% $47.8k
Stephen Douglass
Corporate Vice President of Research & Development1.58yrsUS$2.37m0.030% $731.1k
Esam Elashmawi
Corporate VP1.58yrsUS$2.52m0.059% $1.5m
Rick Muscha
Senior Director of Investor Relationsno datano datano data
Terese Kemble
Corporate Vice President of Human Resources0.75yrno datano data
Jerry Xu
President of Asia Pacific Regionno datano datano 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

NamePositionTenureCompensationOwnership
James Anderson
President1.58yrsUS$7.19m0.33% $8.2m
John Bourgoin
Independent Director8.58yrsUS$199.99k0.16% $4.1m
Robin Abrams
Independent Director8.58yrsUS$199.99k0.16% $3.9m
John Major
Independent Director2.08yrsUS$179.99k0.033% $814.3k
Anjali Joshi
Independent Director0.42yrUS$83.34kno data
Mark Jensen
Independent Director6.83yrsUS$204.99k0.12% $3.1m
David Richardson
Independent Chairman of the Board1.92yrsUS$203.32k0.073% $1.8m
James Lederer
Independent Director2.08yrsUS$194.99k0.017% $410.3k
Krishna Rangasayee
Independent Director2.08yrsUS$184.99k0.017% $417.9k

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$2.477b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LSCCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1989
LTTDB (Deutsche Boerse AG)YesCommon StockDEEURNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 06:28
End of Day Share Price2020/04/06 00:00
Earnings2019/12/28
Annual Earnings2019/12/28


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.