Lattice Semiconductor Director Balaji Krishnamurthy Sells 10,000 Shares (LSCC)
Lattice Semiconductor (NASDAQ:LSCC) Director Balaji Krishnamurthy sold 10,000 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $7.46, for a total value of $74,600.00. Following the sale, the director now directly owns 58,306 shares of the company’s stock, valued at approximately $434,963. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Lattice Semiconductor (NASDAQ:LSCC) traded down 0.40% during mid-day trading on Tuesday, hitting $7.48. The stock had a trading volume of 716,284 shares. 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 $7.32 and its 200-day moving average is $7.81. The company has a market cap of $886.8 million and a price-to-earnings ratio of 22.69.
Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $99.32 million for the quarter, compared to the consensus estimate of $98.60 million. During the same quarter last year, the company posted $0.04 earnings per share. Lattice Semiconductor’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that Lattice Semiconductor will post $0.32 EPS for the current fiscal year.
Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Lattice Semiconductor in a research note on Friday, July 25th. They now have a $9.00 price target on the stock, down previously from $9.50.
Lattice Semiconductor Corporation (NASDAQ:LSCC) designs, develops and markets programmable logic products and related software.
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