Lattice Semiconductor Co. (NASDAQ:LSCC) Director Sells $639,700.00 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $62.34 on Friday. The stock has a fifty day moving average price of $59.02 and a 200 day moving average price of $54.52. The stock has a market cap of $8.59 billion, a PE ratio of 141.69, a P/E/G ratio of 3.03 and a beta of 1.41. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LSCC. Benchmark increased their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Susquehanna raised their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Institutional Trading of Lattice Semiconductor

Several large investors have recently modified their holdings of LSCC. Assenagon Asset Management S.A. lifted its stake in Lattice Semiconductor by 468.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,253 shares of the semiconductor company’s stock valued at $1,924,000 after buying an additional 29,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lattice Semiconductor by 40.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,830 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Lattice Semiconductor by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 1,085 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Lattice Semiconductor by 159.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock worth $593,000 after purchasing an additional 6,862 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in Lattice Semiconductor in the 3rd quarter valued at about $5,794,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.