Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams Sells 10,000 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lattice Semiconductor Stock Up 2.9 %

Shares of Lattice Semiconductor stock opened at $62.34 on Friday. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The company’s fifty day simple moving average is $58.93 and its two-hundred day simple moving average is $54.40. The firm has a market cap of $8.59 billion, a PE ratio of 141.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 67.7% during the 4th 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Lattice Semiconductor during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp lifted its stake in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $52,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Raymond James cut their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, TD Cowen decreased their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

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.