Lattice Semiconductor (NASDAQ:LSCC) Stock: Insider Elizabeth Schwarting Sells 450 Shares

Lattice Semiconductor Corporation (NASDAQ:LSCC) Director Elizabeth Schwarting sold 450 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $113.03, for a total value of $50,863.50. Following the sale, the director owned 6,186 shares of the company’s stock, valued at approximately $699,203.58. This trade represents a 6.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $122.77 on Thursday. The business’s 50 day moving average is $113.92 and its two-hundred day moving average is $116.28. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 114.69 and a beta of 1.90. The company has a quick ratio of 1.46, a current ratio of 1.92 and a debt-to-equity ratio of 0.61.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly 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. The business had revenue of $291.04 million during the quarter, compared to the consensus estimate of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The business’s quarterly revenue was up 118.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Analysts forecast that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 18th. KeyCorp upped their target price on shares of Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. Finally, Robert W. Baird set a $195.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $166.82.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors have recently made changes to their positions in the company. Signature Equity Partners LLC lifted its stake in Lattice Semiconductor by 160.5% during the third quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 130 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in Lattice Semiconductor in the third quarter worth $37,000. Danske Bank A S bought a new stake in Lattice Semiconductor during the second quarter valued at $46,000. Meeder Asset Management Inc. bought a new stake in Lattice Semiconductor during the second quarter valued at $46,000. Finally, Burkett Financial Services LLC bought a new stake in Lattice Semiconductor during the third quarter valued at $38,000. 98.08% of the stock is currently owned by institutional investors.

About Lattice Semiconductor

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.