Lattice Semiconductor Corp (NASDAQ:LSCC) Director David Jeffrey Richardson sold 26,600 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $18.57, for a total value of $493,962.00. Following the transaction, the director now directly owns 68,733 shares of the company’s stock, valued at approximately $1,276,371.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:LSCC opened at $18.96 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.08 and a quick ratio of 3.06. Lattice Semiconductor Corp has a 1-year low of $5.38 and a 1-year high of $20.90. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 86.18, a price-to-earnings-growth ratio of 3.28 and a beta of 1.33. The company has a fifty day moving average of $16.29.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.15 earnings per share for the quarter, beating 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 business had revenue of $102.30 million during the quarter, compared to analyst estimates of $99.72 million. During the same quarter last year, the company posted $0.10 EPS. Lattice Semiconductor’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts anticipate that Lattice Semiconductor Corp will post 0.46 EPS for the current year.Several brokerages recently weighed in on LSCC. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Lattice Semiconductor in a research note on Monday, May 20th. Robert W. Baird raised their target price on Lattice Semiconductor to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Zacks Investment Research cut Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine lowered Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.85.
Large investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $44,000. Meeder Asset Management Inc. lifted its stake in Lattice Semiconductor by 157.3% in the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 3,091 shares in the last quarter. Bank of Montreal Can lifted its stake in Lattice Semiconductor by 226.5% in the 1st quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 4,231 shares in the last quarter. Amalgamated Bank purchased a new stake in Lattice Semiconductor in the 4th quarter worth about $123,000. Finally, Pearl River Capital LLC lifted its stake in Lattice Semiconductor by 196.1% in the 1st quarter. Pearl River Capital LLC now owns 11,450 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 7,583 shares in the last quarter. Institutional investors and hedge funds own 90.96% of the company’s stock.
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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