Lattice Semiconductor CFO Joseph Bedewi Sells 32,427 Shares (LSCC)
Lattice Semiconductor (NASDAQ:LSCC) CFO Joseph Bedewi sold 32,427 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $7.86, for a total value of $254,876.22. Following the completion of the transaction, the chief financial officer now directly owns 22,516 shares in the company, valued at approximately $176,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Lattice Semiconductor (NASDAQ:LSCC) traded up 2.34% during mid-day trading on Tuesday, hitting $8.095. 1,012,046 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 $952.7 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 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 35.7% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor will post $0.34 earnings per share for the current fiscal year.
A number of research firms have recently commented on LSCC. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $8.43.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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