Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $385,004.10 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 5,807 shares of the firm’s stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $66.30, for a total value of $385,004.10. Following the completion of the sale, the senior vice president now directly owns 75,792 shares in the company, valued at approximately $5,025,009.60. This represents a 7.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lattice Semiconductor Stock Up 2.9 %

Shares of LSCC opened at $62.34 on Friday. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 141.69, a P/E/G ratio of 3.03 and a beta of 1.41. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a 50-day moving average price of $58.93 and a two-hundred day moving average price of $54.40.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSCC. Assenagon Asset Management S.A. lifted its stake in Lattice Semiconductor by 468.8% during the third quarter. Assenagon Asset Management S.A. now owns 36,253 shares of the semiconductor company’s stock worth $1,924,000 after purchasing an additional 29,879 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Lattice Semiconductor by 40.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,830 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Lattice Semiconductor by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 1,085 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Lattice Semiconductor by 159.5% in the third quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 6,862 shares during the last quarter. Finally, Roubaix Capital LLC bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $5,794,000. Institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LSCC. Benchmark raised their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Susquehanna raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $66.25.

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.