Lattice Semiconductor Co. (NASDAQ:LSCC – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Analysis on Lattice Semiconductor
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.
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