Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $60,343.36 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at $730,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC traded up $0.78 during trading hours on Wednesday, reaching $48.97. The stock had a trading volume of 1,340,326 shares, compared to its average volume of 2,302,406. Lattice Semiconductor Co. has a 52 week low of $41.65 and a 52 week high of $98.30. The company has a 50 day moving average price of $55.27 and a two-hundred day moving average price of $66.86. The stock has a market capitalization of $6.74 billion, a PE ratio of 30.89, a PEG ratio of 12.19 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Equities research analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership increased its holdings in Lattice Semiconductor by 6.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after purchasing an additional 611,550 shares during the period. Franklin Resources Inc. lifted its stake in Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares during the period. William Blair Investment Management LLC grew its holdings in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Robeco Schweiz AG raised its holdings in shares of Lattice Semiconductor by 9.5% in the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after purchasing an additional 132,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $98,684,000. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LSCC. Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Thursday, August 8th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. KeyCorp dropped their target price on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Robert W. Baird lifted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $65.17.

About Lattice Semiconductor

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.