Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $197,358.10 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Pravin Desale also recently made the following trade(s):

• On Thursday, December 12th, Pravin Desale sold 1,096 shares of Lattice Semiconductor stock. The stock was sold at an average price of $62.54, for a total value of $68,543.84.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $66.75 on Friday. The company has a 50 day moving average price of $58.66 and a 200-day moving average price of $53.93. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The company has a market capitalization of $9.20 billion, a PE ratio of 151.71, a P/E/G ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on LSCC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, February 10th. Raymond James dropped their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $52,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

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.