Lattice Semiconductor CFO Sells $8,280 in Stock (LSCC)
Lattice Semiconductor (NASDAQ:LSCC) CFO Joseph Bedewi sold 1,035 shares of the stock on the open market in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Lattice Semiconductor (NASDAQ:LSCC) opened at 8.08 on Wednesday. Lattice Semiconductor has a 1-year low of $4.17 and a 1-year high of $9.19. The stock’s 50-day moving average is $8.08 and its 200-day moving average is $6.84. The company has a market cap of $950.9 million and a price-to-earnings ratio of 29.93.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data 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. Analysts expect that Lattice Semiconductor will post $0.34 EPS for the current fiscal year.
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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $8.43.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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