Insider Selling: Lattice Semiconductor Corporation (NASDAQ:LSCC) CAO Sells 3,439 Shares of Stock

Key Points

• Lattice Semiconductor's CAO, Tonya Stevens, sold 3,439 shares at an average price of $64.92, resulting in a total transaction value of approximately $223,259.88.
• The company's stock has seen a drop of 3.7% recently, with shares trading at $62.81 during Thursday’s midday trading.
• Lattice Semiconductor reported quarterly earnings of $0.24 per share, aligning with analysts' expectations, and the company's revenue decreased by 0.1% year-over-year.

Lattice Semiconductor Corporation (NASDAQ:LSCC - Get Free Report) CAO Tonya Stevens sold 3,439 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $64.92, for a total value of $223,259.88. Following the completion of the sale, the chief accounting officer directly owned 87,776 shares in the company, valued at $5,698,417.92. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $0.30 during midday trading on Monday, hitting $63.23. 2,111,265 shares of the company's stock traded hands, compared to its average volume of 3,026,357. The firm has a fifty day moving average of $53.45 and a 200 day moving average of $53.20. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 274.92, a price-to-earnings-growth ratio of 4.67 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $123.97 million for the quarter, compared to the consensus estimate of $123.60 million. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. On average, equities analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. KeyCorp cut their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen dropped their target price on Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Finally, Loop Capital cut their target price on Lattice Semiconductor from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.58.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after buying an additional 4,676,100 shares during the period. Bank of America Corp DE raised its stake in Lattice Semiconductor by 77.4% during the 2nd quarter. Bank of America Corp DE now owns 3,186,024 shares of the semiconductor company's stock worth $156,083,000 after acquiring an additional 1,390,109 shares during the period. Janus Henderson Group PLC lifted its holdings in Lattice Semiconductor by 740.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock valued at $76,843,000 after purchasing an additional 1,195,624 shares in the last quarter. Invesco Ltd. boosted its position in shares of Lattice Semiconductor by 93.2% in the first quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock worth $113,192,000 after purchasing an additional 1,040,804 shares during the period. Finally, Norges Bank purchased a new stake in shares of Lattice Semiconductor in the second quarter worth $48,702,000. 98.08% of the stock is owned by institutional investors.

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.