Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells 1,790 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares of the company’s stock, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lattice Semiconductor Trading Down 0.2%

Shares of LSCC opened at $55.88 on Wednesday. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.29. The firm has a market capitalization of $7.68 billion, a P/E ratio of 127.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The stock’s fifty day simple moving average is $51.02 and its 200 day simple moving average is $55.34.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its position in shares of Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock worth $1,592,000 after acquiring an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock valued at $53,217,000 after purchasing an additional 29,516 shares during the period. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor in the fourth quarter valued at about $1,324,000. Barclays PLC raised its position in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. Finally, UMB Bank n.a. raised its position in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Raymond James reissued an “outperform” rating and set a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Finally, Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.15.

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.