Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny Sells 1,474 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $54.21 on Friday. The firm’s 50-day moving average is $52.20 and its 200-day moving average is $55.66. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 33.9% compared to the same quarter last year. Equities analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LSCC shares. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Robert W. Baird reduced their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp cut their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American National Bank & Trust increased its holdings in Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares during the period. West Oak Capital LLC boosted its position in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. raised its position in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.