Insider Selling: Lattice Semiconductor (NASDAQ:LSCC) Director Sells $50,863.50 in Stock

Key Points

• Director Elizabeth Schwarting sold 450 Lattice Semiconductor shares at an average price of $113.03, totaling $50,863.50. After the sale, she directly held 6,186 shares, a 6.78% reduction in her position.
• Lattice reported quarterly EPS of $0.72, beating the $0.55 consensus estimate, while revenue of $291.04 million also exceeded forecasts and rose 118.3% year over year.
• Analysts maintain a consensus Buy rating with an average price target of $166.82; shares traded at $108.97 in the article’s cited session.

Lattice Semiconductor Corporation (NASDAQ:LSCC - Get Free Report) Director Elizabeth Schwarting sold 450 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $113.03, for a total value of $50,863.50. Following the completion of the transaction, the director directly owned 6,186 shares of the company's stock, valued at approximately $699,203.58. The trade was a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $4.92 during mid-day trading on Tuesday, reaching $108.97. 795,983 shares of the company traded hands, compared to its average volume of 2,031,645. Lattice Semiconductor Corporation has a fifty-two week low of $60.50 and a fifty-two week high of $157.01. The firm has a market cap of $15.50 billion, a PE ratio of 341.34, a price-to-earnings-growth ratio of 1.63 and a beta of 1.90. The stock has a fifty day simple moving average of $113.78 and a 200-day simple moving average of $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 (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.17. The company had revenue of $291.04 million for the quarter, compared to analysts' expectations of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The business's revenue was up 118.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts anticipate that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSCC. South Dakota Investment Council acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at approximately $779,000. Bridges Investment Management Inc. boosted its position in shares of Lattice Semiconductor by 1.4% in the third quarter. Bridges Investment Management Inc. now owns 31,183 shares of the semiconductor company's stock valued at $3,917,000 after acquiring an additional 419 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Lattice Semiconductor in the third quarter worth $1,923,000. White Pine Capital LLC acquired a new stake in shares of Lattice Semiconductor in the third quarter worth $291,000. Finally, Hantz Financial Services Inc. increased 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 worth $1,060,000 after acquiring an additional 1,043 shares during the period. Institutional investors own 98.08% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Lattice Semiconductor in a report on Thursday, October 15th. Rosenblatt Securities upped their target price on Lattice Semiconductor from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, November 3rd. William Blair began coverage on Lattice Semiconductor in a research note on Tuesday, October 6th. They set an "outperform" rating for the company. KeyCorp lifted their price target on Lattice Semiconductor from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $195.00 price target on Lattice Semiconductor in a research note on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of "Buy" and an average target price of $166.82.

About Lattice Semiconductor

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.

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