Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells 1,096 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. This represents a 75.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 %

Shares of LSCC opened at $63.45 on Monday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42. The business’s fifty day simple moving average is $54.15 and its two-hundred day simple moving average is $54.06. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $127.05 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently made changes to their positions in LSCC. William Blair Investment Management LLC raised its holdings in shares of Lattice Semiconductor by 26.8% during the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares during the last quarter. Clearbridge Investments LLC raised its stake in Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after buying an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Lattice Semiconductor by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock valued at $81,582,000 after buying an additional 30,642 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after buying an additional 426,511 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of Lattice Semiconductor by 5.8% in the 2nd quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock worth $60,923,000 after buying an additional 57,234 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Susquehanna dropped their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday, December 11th. TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp reduced their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have issued 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 $62.00.

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.