Insider Selling: Lattice Semiconductor Co. (NASDAQ:LSCC) CEO Sells $2,201,200.00 in Stock

Lattice Semiconductor Co. (NASDAQ:LSCC) CEO James Robert Anderson sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.03, for a total transaction of $2,201,200.00. Following the sale, the chief executive officer now directly owns 753,889 shares in the company, valued at approximately $41,486,511.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

James Robert Anderson also recently made the following trade(s):

• On Tuesday, August 22nd, James Robert Anderson sold 37,812 shares of Lattice Semiconductor stock. The shares were sold at an average price of $92.13, for a total value of $3,483,619.56.
• On Wednesday, August 16th, James Robert Anderson sold 40,000 shares of Lattice Semiconductor stock. The shares were sold at an average price of $87.96, for a total value of $3,518,400.00.

Lattice Semiconductor Stock Up 4.8 %

LSCC stock opened at $56.95 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The business has a 50 day moving average price of $77.30 and a 200 day moving average price of $84.06. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 2.76 and a beta of 1.27.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Lattice Semiconductor from $82.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, October 31st. Robert W. Baird raised their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Susquehanna dropped their target price on Lattice Semiconductor from $95.00 to $75.00 and set a “positive” rating for the company in a research report on Tuesday, October 31st. Bank of America lowered their price objective on Lattice Semiconductor from $95.00 to $90.00 in a research report on Tuesday, October 10th. Finally, Needham & Company LLC lowered their price objective on Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Institutional Investors Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Lattice Semiconductor by 6.2% in the first quarter. Fifth Third Bancorp now owns 2,032 shares of the semiconductor company’s stock valued at $194,000 after purchasing an additional 119 shares during the period. Quarry LP increased its position in shares of Lattice Semiconductor by 47.7% in the first quarter. Quarry LP now owns 384 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 124 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Lattice Semiconductor by 3.5% in the third quarter. Captrust Financial Advisors now owns 4,383 shares of the semiconductor company’s stock valued at $216,000 after buying an additional 150 shares in the last quarter. UMB Bank n.a. increased its position in Lattice Semiconductor by 100.7% during the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its position in Lattice Semiconductor by 6.2% during the 2nd quarter. Hanlon Investment Management Inc. now owns 2,844 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Company Profile

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 and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.