Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) Director Sells 10,000 Shares of Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $62.34 on Friday. The stock has a 50 day moving average price of $58.93 and a 200 day moving average price of $54.40. The stock has a market capitalization of $8.59 billion, a PE ratio of 141.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69.

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

Hedge Funds Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ grew its position in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its position in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Lattice Semiconductor in the fourth quarter worth $52,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Benchmark lifted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average 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.