Insider Selling: Lattice Semiconductor Director Unloads 5,000 Shares of Stock (LSCC)
Lattice Semiconductor (NASDAQ:LSCC) Director Balaji Krishnamurthy sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $8.16, for a total value of $40,800.00. Following the completion of the sale, the director now directly owns 58,306 shares of the company’s stock, valued at approximately $475,777. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Lattice Semiconductor (NASDAQ:LSCC) traded up 0.61% during mid-day trading on Wednesday, hitting $8.28. The stock had a trading volume of 885,536 shares. Lattice Semiconductor has a 52-week low of $4.17 and a 52-week high of $9.19. The stock has a 50-day moving average of $8.09 and a 200-day moving average of $7.31. The company has a market cap of $974.4 million and a P/E ratio of 30.48.
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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently 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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