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HILLSBORO, OR—Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), a semiconductor company currently valued at $8.39 billion, saw a notable transaction from its Senior Vice President and General Counsel, Tracy Ann Feanny, who sold a significant portion of her holdings. According to a recent SEC filing, Feanny sold 4,753 shares of common stock on March 5th, at a weighted average price of $62.0373 per share. This transaction amounted to a total value of approximately $294,863. InvestingPro analysis shows the stock has gained over 50% in the past six months, though it trades at a relatively high P/E ratio of 138x.
Post-transaction, Feanny retains ownership of 89,114 shares, indicating a continued stake in the company’s future. The shares were sold in multiple trades, with prices ranging between $61.76 and $62.235, as noted in the filing. Lattice Semiconductor, based in Hillsboro, Oregon, continues to be a key player in the semiconductor industry, maintaining strong financial health with a current ratio of 3.66 and generating $61.13 million in net income. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed research report available on InvestingPro.
In other recent news, Lattice Semiconductor has been the focus of several analyst updates and strategic developments. KeyBanc Capital Markets maintained its Overweight rating on Lattice Semiconductor, with a price target of $75, citing expected organic revenue growth and potential strategic acquisitions under new executive leadership. Meanwhile, CFRA increased its price target for Lattice from $48 to $66, maintaining a Hold rating, and highlighted a higher price-to-earnings ratio and improving backlog as positive indicators. The firm noted a fourth-quarter earnings per share (EPS) of $0.15, which missed the consensus estimate, and a 31% drop in sales due to weakness in the industrial and automotive sectors.
TD Cowen also raised its price target for Lattice Semiconductor to $75, maintaining a Buy rating, and observed signs of stability in the company’s financial performance amid challenging market conditions. The analysts believe Lattice is effectively navigating inventory challenges and is on a path to continued growth. Additionally, Benchmark increased its price target to $65, citing record design wins and momentum across the Avant and Nexus product lines. The firm emphasized Lattice’s strategic realignment and strong cost discipline as key factors for its positive outlook.
In other developments, Silver Lake Management is in exclusive talks to acquire a majority stake in Altera, a unit of Intel Corp (NASDAQ:INTC)., which Lattice Semiconductor has reportedly shown interest in acquiring as well. This potential acquisition could lead to earnings per share accretion for Lattice, according to KeyBanc’s estimates. Overall, these recent developments highlight Lattice Semiconductor’s strategic positioning and the confidence analysts have in its long-term growth potential.
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