Banque Cantonale Vaudoise Reduces Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Banque Cantonale Vaudoise trimmed its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 18.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,827 shares of the semiconductor company’s stock after selling 1,714 shares during the period. Banque Cantonale Vaudoise’s holdings in Lattice Semiconductor were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in LSCC. Franklin Resources Inc. increased its stake in Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares during the last quarter. Norges Bank purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at $98,684,000. Rokos Capital Management LLP raised its stake in Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after acquiring an additional 1,141,230 shares in the last quarter. William Blair Investment Management LLC raised its stake in Lattice Semiconductor by 78.7% during the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock worth $195,179,000 after acquiring an additional 1,098,962 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Lattice Semiconductor by 6.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after acquiring an additional 611,550 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC stock opened at $47.36 on Monday. The stock has a market capitalization of $6.51 billion, a PE ratio of 30.36 and a beta of 1.39. The company has a fifty day moving average of $53.16 and a 200-day moving average of $65.67. Lattice Semiconductor Co. has a one year low of $41.65 and a one year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% on a year-over-year basis. Equities analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on LSCC. Benchmark reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Stifel Nicolaus decreased their price objective on Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

About Lattice Semiconductor

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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.