Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sells $1,185,150.70 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at approximately $7,854,169.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lattice Semiconductor Trading Up 3.7 %

Shares of Lattice Semiconductor stock traded up $2.70 during trading on Wednesday, reaching $75.99. The company’s stock had a trading volume of 983,417 shares, compared to its average volume of 2,069,557. The firm has a market cap of $10.45 billion, a PE ratio of 49.52, a P/E/G ratio of 15.97 and a beta of 1.41. The company has a 50-day moving average price of $73.78 and a two-hundred day moving average price of $69.17. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. On average, analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a report on Friday, May 17th. Susquehanna increased their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a report on Tuesday, April 30th. Stifel Nicolaus decreased their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Finally, Robert W. Baird upped their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.09.

Institutional Trading of Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in LSCC. Van ECK Associates Corp raised its stake in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at about $26,000. GAMMA Investing LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $28,000. American National Bank purchased a new position in Lattice Semiconductor during the fourth quarter worth about $28,000. Finally, Larson Financial Group LLC acquired a new position in Lattice Semiconductor during the 3rd quarter worth approximately $29,000. 98.08% of the stock is owned by institutional investors and hedge funds.

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.