Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson Sells 23,858 Shares

Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) CEO James Robert Anderson sold 23,858 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.05, for a total value of $1,599,678.90. Following the completion of the sale, the chief executive officer now owns 767,534 shares in the company, valued at $51,463,154.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lattice Semiconductor Price Performance

LSCC stock opened at $70.24 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.23 and a current ratio of 3.09. Lattice Semiconductor Co. has a 1 year low of $43.41 and a 1 year high of $81.47. The firm has a market cap of $9.63 billion, a P/E ratio of 63.28 and a beta of 1.18. The stock has a 50-day simple moving average of $53.69 and a 200-day simple moving average of $53.44.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last issued its quarterly earnings results on Monday, October 31st. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $172.51 million during the quarter, compared to the consensus estimate of $166.27 million. Lattice Semiconductor had a return on equity of 38.63% and a net margin of 24.83%. Lattice Semiconductor’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. On average, equities analysts predict that Lattice Semiconductor Co. will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

LSCC has been the topic of several recent research reports. Susquehanna Bancshares upped their price objective on Lattice Semiconductor from $72.00 to $75.00 in a research report on Tuesday, November 15th. Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday, August 2nd. Stifel Nicolaus initiated coverage on Lattice Semiconductor in a research report on Wednesday, September 7th. They set a “hold” rating and a $60.00 target price on the stock. Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research report on Tuesday, August 2nd. Finally, Benchmark reduced their target price on Lattice Semiconductor to $60.00 in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. West Oak Capital LLC bought a new position in Lattice Semiconductor during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in Lattice Semiconductor during the 1st quarter worth approximately $35,000. First Horizon Advisors Inc. lifted its holdings in Lattice Semiconductor by 47.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 643 shares of the semiconductor company’s stock worth $30,000 after buying an additional 206 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Lattice Semiconductor in the 1st quarter worth approximately $39,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Lattice Semiconductor by 83.6% in the 1st quarter. Quadrant Capital Group LLC now owns 685 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 95.57% of the company’s stock.

Lattice Semiconductor Company Profile

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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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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