Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares of the company's stock, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lattice Semiconductor Price Performance
Shares of Lattice Semiconductor stock opened at $60.48 on Tuesday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The business has a 50 day moving average price of $53.34 and a 200 day moving average price of $54.31. The company has a market capitalization of $8.34 billion, a P/E ratio of 58.72 and a beta of 1.42.
We recommended Palantir in 2021, now we’re recommending this...
From Behind the Markets | Ad
My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
Click to get the name and ticker symbol
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The company had revenue of $127.09 million during the quarter, compared to analysts' expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business's revenue for the quarter was down 33.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after buying an additional 748 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock worth $41,409,000 after purchasing an additional 142,005 shares during the period. Marshall Financial Group LLC acquired a new stake in shares of Lattice Semiconductor during the second quarter worth $721,000. Eagle Asset Management Inc. grew its position in shares of Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company's stock valued at $24,657,000 after purchasing an additional 38,826 shares during the period. Finally, Cetera Investment Advisers increased its stake in Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company's stock valued at $1,041,000 after purchasing an additional 13,236 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on LSCC shares. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. KeyCorp cut their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Raymond James decreased their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Susquehanna cut their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.42.
Get Our Latest Stock Report on LSCC
About Lattice Semiconductor
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
