Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sells $20,476.50 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Tonya Stevens sold 365 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $56.10, for a total value of $20,476.50. Following the sale, the chief financial officer now directly owns 79,760 shares of the company’s stock, valued at $4,474,536. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Lattice Semiconductor Trading Down 0.1 %

NASDAQ:LSCC traded down $0.03 during mid-day trading on Wednesday, hitting $55.95. The stock had a trading volume of 1,060,333 shares, compared to its average volume of 2,384,930. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The company has a market capitalization of $7.72 billion, a PE ratio of 54.35 and a beta of 1.39. The stock has a 50-day simple moving average of $52.44 and a two-hundred day simple moving average of $55.27.

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

Analysts Set New Price Targets

LSCC has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Susquehanna dropped their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, 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 report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. American National Bank & Trust raised its stake in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 709 shares in the last quarter. West Oak Capital LLC increased its position in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $53,000. Blue Trust Inc. boosted its position in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares during the last quarter. Hedge funds and other 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.