Tonya Stevens Sells 365 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

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

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $56.32 on Friday. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 54.68 and a beta of 1.39. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock has a fifty day moving average price of $52.57 and a 200-day moving average price of $55.28.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on LSCC. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Finally, KeyCorp lowered their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. American National Bank & Trust lifted its position in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the last quarter. West Oak Capital LLC raised its stake in 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 acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at approximately $53,000. Blue Trust Inc. boosted its stake in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. 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.