Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson Sells 1,850 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lattice Semiconductor Stock Performance

LSCC opened at $60.48 on Tuesday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a market capitalization of $8.34 billion, a P/E ratio of 58.72 and a beta of 1.42. The business’s 50-day simple moving average is $53.34 and its 200-day simple moving average is $54.31.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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. The company had revenue of $127.09 million during 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 firm’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 earned $0.41 earnings per share. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Institutional Trading of Lattice Semiconductor

Large investors have recently bought and sold shares of the business. William Blair Investment Management LLC raised its holdings in shares of Lattice Semiconductor by 26.8% in 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 buying 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 acquiring an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp lifted its position in 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 worth $81,582,000 after acquiring an additional 30,642 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Lattice Semiconductor by 63.9% in 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 purchasing an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Lattice Semiconductor by 5.8% in the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after purchasing an additional 57,234 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analysts Set New Price Targets

LSCC has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Robert W. Baird reduced their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

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.