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

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lattice Semiconductor Stock Performance

LSCC stock opened at $50.75 on Thursday. The firm’s fifty day moving average is $51.72 and its 200 day moving average is $55.84. The firm has a market cap of $7.00 billion, a PE ratio of 49.27 and a beta of 1.39. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the period. Swedbank AB acquired a new position in shares of Lattice Semiconductor during the 1st quarter worth about $4,186,000. Stephens Investment Management Group LLC lifted its stake in Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in Lattice Semiconductor in the 2nd quarter worth about $721,000. Finally, Cetera Investment Advisers increased its stake in Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after buying an additional 13,236 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on LSCC shares. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Susquehanna reduced their target price 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. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen cut their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

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.