Mark Jon Nelson Sells 1,850 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Jon Nelson also recently made the following trade(s):

• On Friday, December 6th, Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock. The stock was sold at an average price of $57.92, for a total value of $107,152.00.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $55.82 on Thursday. The firm’s fifty day moving average price is $56.27 and its two-hundred day moving average price is $53.41. The stock has a market cap of $7.70 billion, a PE ratio of 54.19 and a beta of 1.41. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

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

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of recent analyst reports. Raymond James cut their target price 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. Susquehanna cut their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. KeyCorp reduced their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC grew its holdings in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares during the last quarter. Barclays PLC grew its stake in shares of Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Lattice Semiconductor during the 3rd quarter worth $49,297,000. Institutional investors and hedge funds 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.