Lattice Semiconductor (NASDAQ:LSCC) Director Elizabeth Schwarting Sells 450 Shares of Company Stock

Lattice Semiconductor Corporation (NASDAQ:LSCC) Director Elizabeth Schwarting sold 450 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $113.03, for a total value of $50,863.50. Following the completion of the transaction, the director directly owned 6,186 shares of the company’s stock, valued at $699,203.58. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lattice Semiconductor Price Performance

LSCC stock opened at $111.25 on Wednesday. The firm has a 50 day moving average of $113.70 and a 200-day moving average of $116.09. The company has a current ratio of 1.92, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Lattice Semiconductor Corporation has a 12 month low of $60.50 and a 12 month high of $157.01. The firm has a market capitalization of $15.82 billion, a P/E ratio of 347.67 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The business had revenue of $291.04 million for the quarter, compared to analyst estimates of $255.90 million. During the same quarter in the prior year, the firm posted $0.28 EPS. Lattice Semiconductor’s revenue was up 118.3% on a year-over-year basis. As a group, sell-side analysts predict that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark began coverage on Lattice Semiconductor in a research note on Tuesday, August 25th. They set a “buy” rating and a $160.00 price objective for the company. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Thursday, October 15th. Rosenblatt Securities raised their price target on Lattice Semiconductor from $175.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Finally, Wall Street Zen cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $166.82.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in LSCC. Signature Equity Partners LLC boosted its holdings in shares of Lattice Semiconductor by 160.5% in the 3rd quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 130 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at about $37,000. Burkett Financial Services LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at about $38,000. Meeder Asset Management Inc. purchased a new position in shares of Lattice Semiconductor during the 2nd quarter valued at about $46,000. Finally, Danske Bank A S purchased a new position in shares of Lattice Semiconductor during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.