Tracy Ann Feanny Sells 1,474 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded up $1.95 during midday trading on Friday, hitting $54.21. The company’s stock had a trading volume of 1,407,718 shares, compared to its average volume of 2,392,680. The firm has a market cap of $7.48 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 firm’s fifty day moving average price is $52.01 and its 200-day moving average price is $55.78.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America lowered 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. Robert W. Baird dropped their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, September 17th. Susquehanna dropped their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, KeyCorp cut their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Institutional Investors Weigh In On Lattice Semiconductor

Large investors have recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd boosted its position in shares of Lattice Semiconductor by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 2,000 shares of the semiconductor company’s stock worth $156,000 after buying an additional 1,000 shares during the period. Bessemer Group Inc. raised its stake in Lattice Semiconductor by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 152 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Lattice Semiconductor by 2.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 100,484 shares of the semiconductor company’s stock worth $7,860,000 after acquiring an additional 2,045 shares during the period. Truvestments Capital LLC bought a new position in shares of Lattice Semiconductor in the first quarter worth $222,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Lattice Semiconductor during the first quarter valued at $481,000. 98.08% of the stock is owned by institutional investors and hedge funds.

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.