Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells 1,850 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Jon Nelson also recently made the following trade(s):

• On Friday, December 6th, Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock. The stock was sold at an average price of $57.92, for a total value of $107,152.00.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $1.77 during midday trading on Tuesday, reaching $55.50. The stock had a trading volume of 1,756,948 shares, compared to its average volume of 1,703,761. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The company’s 50 day moving average price is $56.27 and its 200 day moving average price is $53.43. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 53.88 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate 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 period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. Equities analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently modified their holdings of the stock. American National Bank & Trust grew its holdings in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at $89,000. GAMMA Investing LLC lifted its stake in Lattice Semiconductor by 257.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 1,534 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Lattice Semiconductor by 76.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,572 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 1,118 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Susquehanna reduced 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 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

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.