Van ECK Associates Corp Sells 23,786 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Van ECK Associates Corp decreased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 76.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,491 shares of the semiconductor company’s stock after selling 23,786 shares during the quarter. Van ECK Associates Corp’s holdings in Lattice Semiconductor were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust raised its stake in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC grew its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Lattice Semiconductor in the second quarter worth about $110,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $52.81 on Wednesday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a 50 day moving average price of $50.80 and a 200-day moving average price of $56.72. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 50.66 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company’s revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LSCC shares. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Robert W. Baird reduced their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Insider Buying and Selling

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred 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 owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were 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 in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.