Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 26.3% during the second quarter, Holdings Channel reports. The firm owned 22,445 shares of the semiconductor company’s stock after selling 8,002 shares during the period. Natixis Advisors LLC’s holdings in Lattice Semiconductor were worth $1,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LSCC. Artisan Partners Limited Partnership grew its stake in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after buying an additional 611,550 shares in the last quarter. Franklin Resources Inc. raised its stake in Lattice Semiconductor by 43.5% during the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after acquiring an additional 1,889,110 shares in the last quarter. William Blair Investment Management LLC raised its stake in Lattice Semiconductor by 78.7% during the first 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. Robeco Schweiz AG grew its holdings in shares of Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth $98,684,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insiders Place Their Bets

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now 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 Price Performance

LSCC opened at $42.75 on Wednesday. The business has a fifty day simple moving average of $51.17 and a 200 day simple moving average of $64.19. The company has a market capitalization of $5.89 billion, a PE ratio of 27.40 and a beta of 1.38. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $92.94.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on LSCC shares. Needham & Company LLC reduced their target price on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. KeyCorp dropped their target price on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Finally, Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus target price 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.