Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Tracy Ann Feanny Sells 5,807 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC - Get Free Report) SVP Tracy Ann Feanny sold 5,807 shares of Lattice Semiconductor stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $66.30, for a total value of $385,004.10. Following the completion of the transaction, the senior vice president now owns 75,792 shares in the company, valued at $5,025,009.60. This trade represents a 7.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $1.78 during midday trading on Friday, hitting $62.34. The company's stock had a trading volume of 3,321,335 shares, compared to its average volume of 2,425,093. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm's 50 day moving average is $59.02 and its 200-day moving average is $54.56. The firm has a market cap of $8.59 billion, a P/E ratio of 141.69, a P/E/G ratio of 3.03 and a beta of 1.41.

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

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Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds have recently bought and sold shares of LSCC. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after purchasing an additional 4,676,100 shares in the last quarter. Norges Bank purchased a new stake in Lattice Semiconductor in the 4th quarter worth approximately $88,674,000. TimesSquare Capital Management LLC boosted its position in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Janus Henderson Group PLC boosted its position in Lattice Semiconductor by 740.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock worth $76,843,000 after purchasing an additional 1,195,624 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $49,297,000. Hedge funds and other institutional investors own 98.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LSCC. KeyCorp lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Susquehanna lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Raymond James cut their target price on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.25.

Lattice Semiconductor Company Profile

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.