Pravin Desale Sells 2,890 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pravin Desale also recently made the following trade(s):

• On Thursday, December 12th, Pravin Desale sold 1,096 shares of Lattice Semiconductor stock. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $0.78 during midday trading on Thursday, reaching $68.00. 2,551,477 shares of the company traded hands, compared to its average volume of 2,355,257. The stock has a 50-day moving average price of $58.59 and a 200 day moving average price of $53.71. 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 $9.37 billion, a price-to-earnings ratio of 154.55, a PEG ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS 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 expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Benchmark boosted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Institutional Investors Weigh In On Lattice Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its position in Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after acquiring an additional 478,440 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after buying an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Lattice Semiconductor by 291.0% during 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 buying an additional 4,676,100 shares during the period. Geode Capital Management LLC raised its holdings in Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock worth $173,132,000 after buying an additional 74,655 shares during the period. Finally, Capital Research Global Investors raised its holdings in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after buying an additional 216,617 shares during the period. 98.08% of the stock is currently owned by institutional investors.

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.