Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,558 shares of the semiconductor company’s stock after selling 9,290 shares during the period. KBC Group NV’s holdings in Lattice Semiconductor were worth $1,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. American National Bank & Trust lifted its stake in shares of Lattice Semiconductor by 5,064.3% in 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 last quarter. West Oak Capital LLC lifted its stake in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $53,000. Blue Trust Inc. lifted its stake in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Lattice Semiconductor by 105.9% in the 1st 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 during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LSCC. Raymond James cut their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $50.15 on Tuesday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 48.24 and a beta of 1.39. The stock’s 50-day moving average is $51.45 and its two-hundred day moving average is $56.14.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Lattice Semiconductor 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.