Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $107,152.00 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lattice Semiconductor Price Performance

LSCC stock opened at $59.48 on Wednesday. The firm has a market capitalization of $8.21 billion, a P/E ratio of 57.75 and a beta of 1.42. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The company’s 50 day simple moving average is $53.50 and its 200-day simple moving average is $54.19.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LSCC shares. KeyCorp decreased their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, November 4th. Robert W. Baird cut their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.42.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new position in Lattice Semiconductor during the 3rd quarter valued at about $789,000. Tidal Investments LLC grew its position in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Lattice Semiconductor by 1.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company’s stock valued at $2,226,000 after purchasing an additional 742 shares in the last quarter. M&T Bank Corp increased its stake in Lattice Semiconductor by 54.9% in the 3rd quarter. M&T Bank Corp now owns 7,742 shares of the semiconductor company’s stock valued at $410,000 after buying an additional 2,743 shares during the period. Finally, Barclays PLC lifted its position in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after buying an additional 372,301 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

About Lattice Semiconductor

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.