Lattice Semiconductor CFO Joseph Bedewi Sells 1,035 Shares (LSCC)
Lattice Semiconductor (NASDAQ:LSCC) CFO Joseph Bedewi sold 1,035 shares of Lattice Semiconductor stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.00, for a total transaction of $8,280.00. Following the completion of the transaction, the chief financial officer now directly owns 22,516 shares in the company, valued at approximately $180,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Lattice Semiconductor to a “neutral” rating in a research note on Wednesday, April 30th. Separately, analysts at Jefferies Group raised their price target on shares of Lattice Semiconductor from $7.00 to $9.50 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Lattice Semiconductor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $8.70 price target on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $8.43.
Shares of Lattice Semiconductor (NASDAQ:LSCC) traded up 2.40% on Tuesday, hitting $8.10. 1,019,650 shares of the company’s stock traded hands. Lattice Semiconductor has a 52 week low of $4.17 and a 52 week high of $9.19. The stock’s 50-day moving average is $8.06 and its 200-day moving average is $6.78. The company has a market cap of $953.3 million and a P/E ratio of 29.30.
Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Thursday, April 24th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.04. The company had revenue of $96.60 million for the quarter, compared to the consensus estimate of $89.33 million. During the same quarter last year, the company posted $0.03 earnings per share. Lattice Semiconductor’s revenue was up 35.7% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor will post $0.34 earnings per share for the current fiscal year.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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