Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson Sells 30,000 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson sold 30,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lattice Semiconductor Stock Up 3.4 %

Lattice Semiconductor stock traded up $2.55 during midday trading on Friday, hitting $76.57. The company’s stock had a trading volume of 1,398,469 shares, compared to its average volume of 1,886,852. The stock’s 50-day moving average price is $73.72 and its 200-day moving average price is $69.39. The company has a market capitalization of $10.53 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 16.10 and a beta of 1.41. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. As a group, equities analysts anticipate that Lattice Semiconductor Co. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LSCC shares. Susquehanna raised their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research note on Tuesday, April 30th. Benchmark raised their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. KeyCorp raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Bank of America increased their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price objective (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Hedge Funds Weigh In On Lattice Semiconductor

Several hedge funds have recently added to or reduced their stakes in LSCC. Nisa Investment Advisors LLC raised its position in shares of Lattice Semiconductor by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 200 shares during the period. California Public Employees Retirement System lifted its position in shares of Lattice Semiconductor by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 269,620 shares of the semiconductor company’s stock valued at $23,168,000 after acquiring an additional 2,376 shares during the period. Larson Financial Group LLC bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth $29,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Lattice Semiconductor by 34.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 44,067 shares of the semiconductor company’s stock worth $3,787,000 after buying an additional 11,367 shares during the last quarter. Finally, Signaturefd LLC raised its position in Lattice Semiconductor by 16.1% in the third quarter. Signaturefd LLC now owns 1,988 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 275 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.