Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sherri R. Luther Sells 7,500 Shares

Lattice Semiconductor Co. (NASDAQ:LSCC) CFO Sherri R. Luther sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $90.74, for a total value of $680,550.00. Following the sale, the chief financial officer now directly owns 127,810 shares in the company, valued at approximately $11,597,479.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $87.45 on Friday. The company has a 50 day moving average price of $91.36 and a two-hundred day moving average price of $88.87. Lattice Semiconductor Co. has a 12-month low of $44.53 and a 12-month high of $98.30. The stock has a market capitalization of $12.05 billion, a PE ratio of 59.90 and a beta of 1.26. The company has a quick ratio of 2.53, a current ratio of 3.75 and a debt-to-equity ratio of 0.08.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $190.08 million during the quarter, compared to analyst estimates of $188.15 million. Lattice Semiconductor had a net margin of 28.34% and a return on equity of 43.37%. As a group, equities analysts predict that Lattice Semiconductor Co. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on LSCC. TD Cowen upped their price objective on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Raymond James started coverage on Lattice Semiconductor in a report on Tuesday, May 23rd. They set a “market perform” rating on the stock. Robert W. Baird raised their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. StockNews.com initiated coverage on shares of Lattice Semiconductor in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Benchmark boosted their price objective on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Institutional Trading of Lattice Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL acquired a new stake in shares of Lattice Semiconductor in the second quarter worth $4,765,000. California State Teachers Retirement System raised its holdings in Lattice Semiconductor by 28.8% in the 2nd quarter. California State Teachers Retirement System now owns 220,497 shares of the semiconductor company’s stock worth $21,183,000 after acquiring an additional 49,293 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Lattice Semiconductor by 10.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 24,256 shares of the semiconductor company’s stock worth $2,331,000 after acquiring an additional 2,262 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Lattice Semiconductor during the 2nd quarter worth $402,000. Finally, Dana Investment Advisors Inc. boosted its holdings in Lattice Semiconductor by 3.3% during the second quarter. Dana Investment Advisors Inc. now owns 20,452 shares of the semiconductor company’s stock valued at $1,965,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.