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

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value 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 trade represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lattice Semiconductor Trading Up 3.7 %

Shares of NASDAQ LSCC opened at $54.21 on Friday. The stock has a fifty day simple moving average of $52.01 and a two-hundred day simple moving average of $55.78. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting 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 analyst estimates of $127.05 million. During the same period in the prior year, the company earned $0.41 earnings per share. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. Analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of LSCC. American National Bank & Trust lifted its position in shares of Lattice Semiconductor by 5,064.3% during the third 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 lifted 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 acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the third quarter worth $53,000. Blue Trust Inc. lifted its position in shares of 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Lattice Semiconductor by 35.5% in the second 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 in the last quarter. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LSCC. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Robert W. Baird dropped their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday, November 4th. KeyCorp dropped their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.