Tracy Ann Feanny Sells 1,474 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lattice Semiconductor Trading Up 3.7 %

Shares of LSCC stock opened at $54.21 on Friday. The stock’s fifty day simple moving average is $52.20 and its 200-day simple moving average is $55.66. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39. 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 earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LSCC shares. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Finally, KeyCorp reduced their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” 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 company has an average rating of “Moderate Buy” and an average price target of $58.42.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its holdings in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Clearbridge Investments LLC grew its stake in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lattice Semiconductor by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after purchasing an additional 30,642 shares during the last quarter. Rokos Capital Management LLP raised its stake in shares of Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after purchasing an additional 1,141,230 shares in the last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

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.