Pravin Desale Sells 1,096 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 1,096 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Pravin Desale also recently made the following trade(s):

• On Monday, November 18th, Pravin Desale sold 4,387 shares of Lattice Semiconductor stock. The shares were sold at an average price of $50.01, for a total value of $219,393.87.

Lattice Semiconductor Stock Up 1.6 %

LSCC stock opened at $63.45 on Friday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42. The business has a fifty day simple moving average of $54.15 and a 200-day simple moving average of $54.06. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm’s revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. American National Bank & Trust grew its stake in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the period. West Oak Capital LLC lifted its holdings in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Lattice Semiconductor during the 3rd quarter worth $53,000. Blue Trust Inc. boosted its position in Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LSCC. Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James lowered their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, TD Cowen reduced their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.