Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 446,375 shares of the semiconductor company’s stock after selling 9,018 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Lattice Semiconductor were worth $23,699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LSCC. American National Bank & Trust boosted its position in Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC boosted its holdings in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. Davidson Capital Management Inc. purchased a new stake in Lattice Semiconductor during the first quarter worth $78,000. Blue Trust Inc. grew its position in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Lattice Semiconductor by 105.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 748 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lattice Semiconductor 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 value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’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 transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Lattice Semiconductor Stock Up 0.4 %

Shares of NASDAQ LSCC opened at $54.55 on Tuesday. The firm has a 50-day simple moving average of $49.56 and a 200-day simple moving average of $58.14. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 34.97 and a beta of 1.39. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69.

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

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.