Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Sells $101,242.40 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,790 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president now directly owns 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lattice Semiconductor Trading Down 4.8%

LSCC stock opened at $52.25 on Friday. The stock has a 50-day moving average price of $50.56 and a 200-day moving average price of $55.33. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The firm has a market cap of $7.18 billion, a PE ratio of 118.75, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same period last year, the company posted $0.29 EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LSCC. Allworth Financial LP increased its position in Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 410 shares in the last quarter. Summit Securities Group LLC bought a new stake in Lattice Semiconductor in the 1st quarter valued at about $32,000. UMB Bank n.a. increased its position in 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 in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in Lattice Semiconductor in the 4th quarter valued at about $38,000. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LSCC. KeyCorp cut their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen lifted their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Finally, Loop Capital cut their target price on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.15.

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.