Lattice Semiconductor (NASDAQ:LSCC) Director Sells 450 Shares of Company Stock

Lattice Semiconductor Corporation (NASDAQ:LSCC) Director Elizabeth Schwarting sold 450 shares of Lattice Semiconductor stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $113.03, for a total transaction of $50,863.50. Following the sale, the director owned 6,186 shares in the company, valued at approximately $699,203.58. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $4.92 during trading hours on Tuesday, hitting $108.97. The stock had a trading volume of 795,983 shares, compared to its average volume of 2,031,645. The company’s fifty day moving average is $113.78 and its two-hundred day moving average is $115.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 2.33. Lattice Semiconductor Corporation has a 52 week low of $60.50 and a 52 week high of $157.01. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 341.34, a P/E/G ratio of 1.63 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The company had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 118.3% on a year-over-year basis. On average, analysts anticipate that Lattice Semiconductor Corporation will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Lattice Semiconductor

A number of large investors have recently added to or reduced their stakes in LSCC. South Dakota Investment Council bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at approximately $779,000. Bridges Investment Management Inc. raised its stake in Lattice Semiconductor by 1.4% during the third quarter. Bridges Investment Management Inc. now owns 31,183 shares of the semiconductor company’s stock valued at $3,917,000 after purchasing an additional 419 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Lattice Semiconductor during the third quarter valued at $1,923,000. White Pine Capital LLC purchased a new stake in Lattice Semiconductor during the third quarter valued at $291,000. Finally, Hantz Financial Services Inc. lifted its position in Lattice Semiconductor by 14.1% during the third quarter. Hantz Financial Services Inc. now owns 8,441 shares of the semiconductor company’s stock valued at $1,060,000 after purchasing an additional 1,043 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LSCC shares. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. Jefferies Financial Group lifted their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Needham & Company LLC boosted their price target on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. William Blair started coverage on Lattice Semiconductor in a research report on Tuesday, October 6th. They set an “outperform” rating for the company. Finally, Benchmark initiated coverage on Lattice Semiconductor in a research note on Tuesday, August 25th. They issued a “buy” rating and a $160.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Buy” and a consensus target price of $166.82.

Lattice Semiconductor Company Profile

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.