Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Tonya Stevens Sells 365 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Tonya Stevens sold 365 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $56.10, for a total transaction of $20,476.50. Following the sale, the chief financial officer now directly owns 79,760 shares in the company, valued at $4,474,536. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $56.32 on Thursday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 54.68 and a beta of 1.39. The company’s 50 day simple moving average is $52.52 and its 200 day simple moving average is $55.27.

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

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSCC. Bessemer Group Inc. grew its holdings in shares of Lattice Semiconductor by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock worth $115,000 after buying an additional 152 shares in the last quarter. Tidal Investments LLC boosted its position in Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after acquiring an additional 224 shares during the last quarter. Swedbank AB grew its stake in shares of Lattice Semiconductor by 0.6% during the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after acquiring an additional 300 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 348 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its position in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LSCC has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen cut their price target on 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 lowered their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, KeyCorp reduced their target price 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. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $58.42.

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.