Lattice Semiconductor Corporation (NASDAQ:LSCC – Get Free Report) SVP Erhaan Shaikh sold 1,577 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $93.33, for a total transaction of $147,181.41. Following the sale, the senior vice president owned 82,617 shares of the company’s stock, valued at $7,710,644.61. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Erhaan Shaikh also recently made the following trade(s):
- On Monday, March 9th, Erhaan Shaikh sold 1,634 shares of Lattice Semiconductor stock. The shares were sold at an average price of $90.63, for a total value of $148,089.42.
Lattice Semiconductor Price Performance
Shares of NASDAQ LSCC traded up $1.06 during trading on Tuesday, reaching $91.69. 1,943,854 shares of the stock traded hands, compared to its average volume of 2,194,188. The stock has a market capitalization of $12.54 billion, a P/E ratio of 4,586.79, a price-to-earnings-growth ratio of 3.32 and a beta of 1.65. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $108.08. The company has a 50-day moving average of $88.38 and a 200-day moving average of $76.68.
Institutional Trading of Lattice Semiconductor
Institutional investors and hedge funds have recently bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in shares of Lattice Semiconductor during the 3rd quarter valued at $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $27,000. Smartleaf Asset Management LLC raised its position in shares of Lattice Semiconductor by 462.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock worth $29,000 after buying an additional 324 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Lattice Semiconductor during the third quarter valued at $31,000. Finally, Caitlin John LLC bought a new stake in Lattice Semiconductor during the third quarter valued at $34,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on LSCC. KeyCorp lifted their price objective on shares of Lattice Semiconductor from $95.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Susquehanna increased their target price on Lattice Semiconductor from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada lifted their price target on Lattice Semiconductor from $105.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price objective on shares of Lattice Semiconductor in a research note on Wednesday, February 4th. Finally, Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.64.
Read Our Latest Report on Lattice Semiconductor
About Lattice Semiconductor
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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