Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells 2,890 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Pravin Desale also recently made the following trade(s):

• On Thursday, December 12th, Pravin Desale sold 1,096 shares of Lattice Semiconductor stock. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $68.00 on Friday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 154.55, a PEG ratio of 3.07 and a beta of 1.41. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The stock’s 50 day moving average price is $58.59 and its two-hundred day moving average price is $53.71.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Institutional Investors Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Lattice Semiconductor by 218.5% during the 3rd quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 2,511 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Lattice Semiconductor by 62.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 25,869 shares of the semiconductor company’s stock worth $1,373,000 after purchasing an additional 9,969 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 29,879 shares during the last quarter. CWC Advisors LLC. purchased a new position in Lattice Semiconductor in the third quarter valued at about $339,000. Finally, Outlook Wealth Advisors LLC increased its stake in shares of Lattice Semiconductor by 23.2% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 5,313 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Raymond James reduced their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Benchmark lifted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.