Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson Sells 30,000 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lattice Semiconductor Trading Up 3.4 %

Shares of NASDAQ:LSCC traded up $2.55 during mid-day trading on Friday, reaching $76.57. The company had a trading volume of 1,398,469 shares, compared to its average volume of 1,886,852. Lattice Semiconductor Co. has a one year low of $51.96 and a one year high of $98.30. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 16.10 and a beta of 1.41. The company’s 50-day moving average price is $73.72 and its 200-day moving average price is $69.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results 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 firm had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research note on Friday, May 17th. Stifel Nicolaus decreased their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, KeyCorp upped their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $82.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp raised its position in 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 acquiring an additional 174 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $26,000. GAMMA Investing LLC acquired a new position in Lattice Semiconductor in the 4th quarter valued at $28,000. American National Bank acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth $28,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.