Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $74,967.64 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $54.21 on Monday. The stock has a fifty day moving average price of $52.20 and a 200 day moving average price of $55.55. The company has a market cap of $7.48 billion, a P/E ratio of 52.63 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th. Raymond James lowered their price objective 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. Robert W. Baird decreased their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rokos Capital Management LLP boosted its stake in shares of Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after buying an additional 1,141,230 shares during the period. Point72 Asset Management L.P. acquired a new stake in Lattice Semiconductor during the third quarter valued at $49,297,000. Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor in the third quarter valued at about $38,194,000. William Blair Investment Management LLC increased its position in Lattice Semiconductor by 26.8% in 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 purchasing an additional 668,132 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Lattice Semiconductor by 63.9% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.