Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $68,543.84 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 18th, Pravin Desale sold 4,387 shares of Lattice Semiconductor stock. The shares were sold at an average price of $50.01, for a total value of $219,393.87.

Lattice Semiconductor Trading Up 1.6 %

NASDAQ LSCC opened at $63.45 on Monday. The firm has a market cap of $8.75 billion, a PE ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The stock has a 50-day moving average of $54.15 and a 200-day moving average of $54.06.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the topic of a number of recent analyst reports. KeyCorp lowered their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Raymond James lowered their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. TD Cowen cut their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after purchasing an additional 224 shares during the last quarter. Swedbank AB grew its position in shares of Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Lattice Semiconductor by 7.3% during the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 348 shares during the period. Financial Advocates Investment Management raised its holdings in shares of Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 394 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 407 shares during the period. 98.08% of the stock is owned by institutional investors.

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.