Lattice Semiconductor (NASDAQ:LSCC) Director Sells $50,863.50 in Stock

Lattice Semiconductor Corporation (NASDAQ:LSCC) Director Elizabeth Schwarting sold 450 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $113.03, for a total value of $50,863.50. Following the completion of the sale, the director directly owned 6,186 shares in the company, valued at approximately $699,203.58. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $118.85 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.46. The firm has a market capitalization of $16.90 billion, a PE ratio of 126.57 and a beta of 1.90. Lattice Semiconductor Corporation has a 1-year low of $60.50 and a 1-year high of $157.01. The business’s fifty day moving average price is $114.02 and its two-hundred day moving average price is $116.46.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.17. The firm had revenue of $291.04 million for the quarter, compared to the consensus estimate of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. Lattice Semiconductor’s quarterly revenue was up 118.3% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. On average, research analysts expect that Lattice Semiconductor Corporation will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Lattice Semiconductor in the 2nd quarter worth about $2,637,161,000. William Blair Investment Management LLC bought a new stake in Lattice Semiconductor in the second quarter worth approximately $177,497,000. TimesSquare Capital Management LLC bought a new position in shares of Lattice Semiconductor during the 2nd quarter valued at $173,633,000. Bank of New York Mellon Corp bought a new stake in Lattice Semiconductor in the second quarter worth $139,705,000. Finally, Bank of America Corp DE bought a new position in Lattice Semiconductor during the second quarter valued at about $94,740,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LSCC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lattice Semiconductor in a research report on Thursday, October 15th. Robert W. Baird set a $195.00 price target on Lattice Semiconductor in a report on Tuesday, November 3rd. Royal Bank Of Canada raised their price objective on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. KeyCorp upped their target price on Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group increased their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $166.82.

About Lattice Semiconductor

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.