Pravin Desale Sells 4,387 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $52.10 on Friday. The stock has a market capitalization of $7.19 billion, a P/E ratio of 50.58 and a beta of 1.39. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The business has a fifty day moving average price of $51.84 and a 200 day moving average price of $55.80.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue was down 33.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, September 17th. Susquehanna cut their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Finally, Robert W. Baird cut their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp increased its holdings in shares of Lattice Semiconductor by 54.9% in the third quarter. M&T Bank Corp now owns 7,742 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 2,743 shares during the period. Barclays PLC increased its holdings in shares of Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. Pier Capital LLC increased its holdings in shares of Lattice Semiconductor by 114.7% in the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares during the period. Stifel Financial Corp increased its holdings in shares of Lattice Semiconductor by 99.0% in the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after purchasing an additional 29,734 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Lattice Semiconductor by 863.1% in the third quarter. Quantinno Capital Management LP now owns 34,431 shares of the semiconductor company’s stock valued at $1,827,000 after purchasing an additional 30,856 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.