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

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % 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 $50.75 on Thursday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The firm’s 50-day moving average is $51.72 and its 200 day moving average is $55.84. The company has a market capitalization of $7.00 billion, a PE ratio of 49.27 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $127.09 million during 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 company’s revenue was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors have recently made changes to their positions in LSCC. American National Bank & Trust grew its holdings in 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 acquiring an additional 709 shares in the last quarter. West Oak Capital LLC increased its holdings in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares during the period. Hollencrest Capital Management bought a new position in Lattice Semiconductor in the third quarter worth approximately $53,000. Blue Trust Inc. lifted its holdings in 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 buying an additional 748 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Lattice Semiconductor by 105.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LSCC shares. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. TD Cowen dropped 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 note on Tuesday, November 5th. Robert W. Baird dropped their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

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.