Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sells 365 Shares of Stock

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

Lattice Semiconductor Stock Up 0.6 %

Shares of NASDAQ:LSCC opened at $56.32 on Thursday. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The business has a 50 day moving average of $52.52 and a 200-day moving average of $55.27. The stock has a market cap of $7.77 billion, a PE ratio of 54.68 and a beta of 1.39.

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 the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. KeyCorp dropped their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Susquehanna decreased their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Robert W. Baird cut 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 investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently modified their holdings of LSCC. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares in the last quarter. Swedbank AB bought a new position in shares of Lattice Semiconductor during the first quarter worth approximately $4,186,000. Stephens Investment Management Group LLC increased its holdings in shares of Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after purchasing an additional 142,005 shares during the period. Marshall Financial Group LLC acquired a new stake in shares of Lattice Semiconductor in the second quarter valued at approximately $721,000. Finally, Cetera Investment Advisers boosted its stake in shares of Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares during the period. 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.