Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams Sells 10,000 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lattice Semiconductor Stock Up 2.8 %

Shares of NASDAQ LSCC traded up $1.71 during trading hours on Friday, reaching $62.27. 793,242 shares of the stock traded hands, compared to its average volume of 2,359,359. The company’s 50-day simple moving average is $58.93 and its two-hundred day simple moving average is $54.40. The company has a market capitalization of $8.58 billion, a P/E ratio of 141.44, a price-to-earnings-growth ratio of 3.03 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.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results 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 return on equity of 11.22% and a net margin of 12.00%. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LSCC. Deutsche Bank Aktiengesellschaft cut their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Benchmark raised their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.25.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently added to or reduced their stakes in LSCC. Sterling Capital Management LLC grew its stake in shares of Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 163 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 190 shares during the period. Tidal Investments LLC grew 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. CIBC Asset Management Inc increased its stake in Lattice Semiconductor by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 231 shares during the period. Finally, UMB Bank n.a. lifted 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 last quarter. 98.08% of the stock is owned by institutional investors.

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.