Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells 5,807 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 5,807 shares of Lattice Semiconductor stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $66.30, for a total transaction of $385,004.10. Following the completion of the transaction, the senior vice president now directly owns 75,792 shares of the company’s stock, valued at approximately $5,025,009.60. This trade represents a 7.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lattice Semiconductor Trading Down 1.7 %

Shares of LSCC stock traded down $1.08 during trading hours on Wednesday, reaching $64.26. 1,136,012 shares of the company’s stock were exchanged, compared to its average volume of 2,331,138. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a market cap of $8.86 billion, a PE ratio of 145.71, a PEG ratio of 3.03 and a beta of 1.41. The stock’s fifty day moving average price is $58.77 and its two-hundred day moving average price is $54.29.

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

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of research analyst reports. Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Benchmark increased their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.