Esam Elashmawi Buys 10,570 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC) Stock

Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) VP Esam Elashmawi acquired 10,570 shares of the business’s stock in a transaction dated Friday, May 6th. The shares were acquired at an average cost of $46.95 per share, with a total value of $496,261.50. Following the acquisition, the vice president now directly owns 166,542 shares of the company’s stock, valued at approximately $7,819,146.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Esam Elashmawi also recently made the following trade(s):

• On Thursday, March 24th, Esam Elashmawi sold 3,982 shares of Lattice Semiconductor stock. The stock was sold at an average price of $63.86, for a total value of $254,290.52.

Shares of LSCC stock opened at $46.29 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.20 and a current ratio of 3.02. Lattice Semiconductor Co. has a fifty-two week low of $42.94 and a fifty-two week high of $85.45. The stock has a 50 day moving average price of $54.19 and a two-hundred day moving average price of $64.11. The company has a market capitalization of $6.37 billion, a P/E ratio of 57.86 and a beta of 1.14.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The semiconductor company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Lattice Semiconductor had a return on equity of 29.28% and a net margin of 20.58%. The firm had revenue of $150.50 million during the quarter, compared to the consensus estimate of $146.25 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue was up 30.1% on a year-over-year basis. As a group, equities analysts predict that Lattice Semiconductor Co. will post 1.05 earnings per share for the current year.

Several analysts have issued reports on LSCC shares. Cowen cut their target price on Lattice Semiconductor from $85.00 to $75.00 in a research note on Wednesday, May 4th. Craig Hallum cut their target price on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday, May 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $68.00 target price on shares of Lattice Semiconductor in a research note on Friday, February 11th. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Saturday. Finally, Susquehanna Bancshares upped their target price on Lattice Semiconductor from $67.00 to $68.00 in a research note on Wednesday, February 16th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $69.50.

Several institutional investors have recently made changes to their positions in LSCC. Morgan Stanley raised its holdings in shares of Lattice Semiconductor by 1,422.4% during the second quarter. Morgan Stanley now owns 566,980 shares of the semiconductor company’s stock valued at $31,852,000 after acquiring an additional 529,738 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Lattice Semiconductor by 2.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,971 shares of the semiconductor company’s stock valued at $386,000 after acquiring an additional 168 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Lattice Semiconductor by 3.0% during the third quarter. Raymond James & Associates now owns 52,461 shares of the semiconductor company’s stock valued at $3,392,000 after acquiring an additional 1,548 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Lattice Semiconductor by 2.4% during the third quarter. Deutsche Bank AG now owns 205,056 shares of the semiconductor company’s stock valued at $13,256,000 after acquiring an additional 4,744 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Lattice Semiconductor by 8.2% during the third quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 464 shares in the last quarter. Institutional investors own 95.25% of the company’s stock.

About Lattice Semiconductor (Get Rating)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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