Pravin Desale Sells 2,890 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 12th, Pravin Desale sold 1,096 shares of Lattice Semiconductor stock. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84.

Lattice Semiconductor Stock Down 1.8 %

LSCC opened at $66.75 on Friday. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The company has a 50-day moving average price of $58.66 and a 200 day moving average price of $53.93. The company has a market cap of $9.20 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Institutional Trading of Lattice Semiconductor

Several large investors have recently bought and sold shares of LSCC. UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Lattice Semiconductor during the 4th quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Lattice Semiconductor during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

LSCC has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.25.

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.