Tredje AP fonden Trims Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Tredje AP fonden reduced its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,484 shares of the semiconductor company’s stock after selling 339 shares during the quarter. Tredje AP fonden’s holdings in Lattice Semiconductor were worth $1,246,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LSCC. Blue Trust Inc. boosted its holdings in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares in the last quarter. Robeco Schweiz AG raised its stake in Lattice Semiconductor by 9.5% in the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after buying an additional 132,000 shares in the last quarter. US Bancorp DE raised its stake in Lattice Semiconductor by 458.5% in the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock worth $1,508,000 after buying an additional 17,950 shares in the last quarter. Norden Group LLC lifted its holdings in Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock worth $5,212,000 after buying an additional 61,478 shares during the period. Finally, Swedbank AB bought a new stake in Lattice Semiconductor during the 1st quarter valued at approximately $4,186,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Down 2.7 %

Shares of LSCC opened at $52.82 on Friday. The company has a market capitalization of $7.27 billion, a P/E ratio of 33.86 and a beta of 1.38. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $87.64. The firm has a 50 day moving average of $49.28 and a 200 day moving average of $62.86.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share 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 business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of a number of research analyst reports. TD Cowen upgraded Lattice Semiconductor to a “strong-buy” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. KeyCorp decreased their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $63.08.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Company insiders own 1.80% 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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.