Lattice Semiconductor Corp. Director Sells $27,500 in Stock (LSCC)
Lattice Semiconductor Corp. (NASDAQ:LSCC) Director Balaji Krishnamurthy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $5.50, for a total value of $27,500.00. Following the transaction, the director now directly owns 36,339 shares in the company, valued at approximately $199,865. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) traded down 2.28% on Thursday, hitting $5.365. The stock had a trading volume of 401,940 shares. Lattice Semiconductor Corp. has a one year low of $3.89 and a one year high of $5.77. The stock has a 50-day moving average of $5.50 and a 200-day moving average of $5.05. The company has a market cap of $624.2 million and a price-to-earnings ratio of 77.32.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last announced its earnings results on Thursday, October 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $87.20 million for the quarter, compared to the consensus estimate of $84.76 million. The company’s revenue for the quarter was up 23.0% on a year-over-year basis.
Separately, analysts at Jefferies Group cut their price target on shares of Lattice Semiconductor Corp. to $6.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $5.80.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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