Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale Sells 2,890 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pravin Desale also recently made the following trade(s):

• On Thursday, December 12th, Pravin Desale sold 1,096 shares of Lattice Semiconductor stock. The shares were sold at an average price of $62.54, for a total value of $68,543.84.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock traded down $0.78 during midday trading on Thursday, reaching $68.00. The stock had a trading volume of 2,551,477 shares, compared to its average volume of 2,355,257. The firm’s fifty day simple moving average is $58.59 and its 200-day simple moving average is $53.71. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The stock has a market capitalization of $9.37 billion, a P/E ratio of 154.55, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $52,000. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Benchmark boosted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

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.