Insider Selling: Lattice Semiconductor Corp (NASDAQ:LSCC) Director Sells 4,000 Shares of Stock

Lattice Semiconductor Corp (NASDAQ:LSCC) Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $14.38, for a total value of $57,520.00. Following the completion of the transaction, the director now owns 85,697 shares of the company’s stock, valued at $1,232,322.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lattice Semiconductor stock traded down $0.21 on Thursday, hitting $16.18. 2,290,825 shares of the stock traded hands, compared to its average volume of 1,885,920. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.06 and a current ratio of 4.01. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 73.55, a P/E/G ratio of 3.36 and a beta of 1.36. The firm has a fifty day moving average of $14.54. Lattice Semiconductor Corp has a 1 year low of $5.38 and a 1 year high of $17.07.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The company had revenue of $98.09 million during the quarter, compared to analysts’ expectations of $96.01 million. During the same period in the prior year, the firm earned $0.05 EPS. Lattice Semiconductor’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that Lattice Semiconductor Corp will post 0.39 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in shares of Lattice Semiconductor by 4.3% during the 4th quarter. Legal & General Group Plc now owns 54,633 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 2,259 shares during the period. GSA Capital Partners LLP grew its stake in shares of Lattice Semiconductor by 26.2% during the 4th quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Lattice Semiconductor by 157.3% during the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 3,091 shares during the period. Prudential Financial Inc. lifted its position in shares of Lattice Semiconductor by 14.4% during the 4th quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 3,781 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $27,000. Institutional investors own 90.57% of the company’s stock.

LSCC has been the subject of several recent analyst reports. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Zacks Investment Research lowered shares of Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Cowen reduced their target price on shares of TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating for the company in a research note on Tuesday, June 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Lattice Semiconductor in a research note on Monday, May 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.39.

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.

See Also: What is required to own or exchange cryptocurrency?

Insider Buying and Selling by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.