Elizabeth M. Schwarting Sells 700 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares of the company’s stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lattice Semiconductor Stock Up 0.5%

LSCC opened at $52.53 on Friday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 119.39, a PEG ratio of 3.03 and a beta of 1.60. The firm has a 50-day moving average price of $50.44 and a 200-day moving average price of $55.32. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LSCC shares. TD Cowen increased their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report 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 report on Tuesday, February 11th. Finally, Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given 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 $63.15.

Hedge Funds Weigh In On Lattice Semiconductor

Several large investors have recently modified their holdings of the business. Sterling Capital Management LLC increased its stake in shares of Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 163 shares in the last quarter. Prudential PLC grew its stake in Lattice Semiconductor by 2.1% during the first quarter. Prudential PLC now owns 9,199 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 187 shares in the last quarter. Lindbrook Capital LLC grew its stake in Lattice Semiconductor by 15.3% during the fourth 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 in the last quarter. Silvant Capital Management LLC grew its stake in Lattice Semiconductor by 2.1% during the first quarter. Silvant Capital Management LLC now owns 9,418 shares of the semiconductor company’s stock valued at $494,000 after acquiring an additional 198 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Lattice Semiconductor by 65.7% during the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.