Lattice Semiconductor Corp (NASDAQ:LSCC) Director James P. Lederer Sells 21,919 Shares

Lattice Semiconductor Corp (NASDAQ:LSCC) Director James P. Lederer sold 21,919 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $20.07, for a total value of $439,914.33. Following the completion of the sale, the director now directly owns 44,182 shares of the company’s stock, valued at approximately $886,732.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Lattice Semiconductor stock traded down $0.85 on Friday, reaching $19.13. 54,176 shares of the stock were exchanged, compared to its average volume of 2,533,946. The company has a quick ratio of 2.30, a current ratio of 3.08 and a debt-to-equity ratio of 0.66. Lattice Semiconductor Corp has a twelve month low of $5.38 and a twelve month high of $20.90. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 87.64, a PEG ratio of 3.32 and a beta of 1.33. The business has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $13.86.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, July 30th. The semiconductor company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. Lattice Semiconductor had a return on equity of 17.47% and a net margin of 3.98%. The firm had revenue of $102.30 million during the quarter, compared to the consensus estimate of $99.72 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. Research analysts forecast that Lattice Semiconductor Corp will post 0.46 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. lifted its holdings in shares of Lattice Semiconductor by 5.1% during the second quarter. Pitcairn Co. now owns 22,073 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 1,077 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lattice Semiconductor by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,086 shares of the semiconductor company’s stock worth $395,000 after purchasing an additional 2,180 shares during the period. Legal & General Group Plc lifted its holdings in shares of Lattice Semiconductor by 4.3% during the fourth quarter. Legal & General Group Plc now owns 54,633 shares of the semiconductor company’s stock worth $378,000 after purchasing an additional 2,259 shares during the period. Aperio Group LLC lifted its holdings in shares of Lattice Semiconductor by 15.5% during the second quarter. Aperio Group LLC now owns 19,214 shares of the semiconductor company’s stock worth $280,000 after purchasing an additional 2,572 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Lattice Semiconductor during the second quarter worth about $43,000. 96.61% of the stock is owned by hedge funds and other institutional investors.

LSCC has been the subject of several recent analyst reports. Cowen reissued an “outperform” rating and issued a $21.00 price target (up previously from $18.00) on shares of Lattice Semiconductor in a report on Wednesday, July 31st. Robert W. Baird raised their price target on Lattice Semiconductor to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Dougherty & Co reissued a “buy” rating and issued a $20.00 price target (up previously from $18.00) on shares of Lattice Semiconductor in a report on Wednesday, July 31st. Zacks Investment Research downgraded Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, TheStreet raised Lattice Semiconductor from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $14.85.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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