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 the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Lattice Semiconductor Trading Down 1.8 %

LSCC stock opened at $66.75 on Friday. The stock has a 50-day moving average price of $58.59 and a two-hundred day moving average price of $53.71. 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 $9.20 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 3.07 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 2,511 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Lattice Semiconductor by 62.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 25,869 shares of the semiconductor company’s stock worth $1,373,000 after acquiring an additional 9,969 shares in the last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $1,924,000 after purchasing an additional 29,879 shares during the last quarter. CWC Advisors LLC. bought a new position in Lattice Semiconductor in the third quarter valued at approximately $339,000. Finally, Outlook Wealth Advisors LLC grew its stake in Lattice Semiconductor by 23.2% in the third quarter. Outlook Wealth Advisors LLC now owns 5,313 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LSCC shares. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, Susquehanna raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has an average 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.