Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 32.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 321,439 shares of the semiconductor company’s stock after selling 152,542 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Lattice Semiconductor worth $17,059,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LSCC. Point72 Asset Management L.P. purchased a new position in Lattice Semiconductor in the third quarter valued at $49,297,000. Westfield Capital Management Co. LP acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $38,194,000. William Blair Investment Management LLC boosted its stake in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after buying an additional 668,132 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after buying an additional 426,511 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after buying an additional 380,790 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 1.2 %

Shares of NASDAQ LSCC opened at $58.96 on Friday. The business has a 50-day moving average price of $55.90 and a 200 day moving average price of $53.71. The stock has a market cap of $8.13 billion, a PE ratio of 57.24 and a beta of 1.42. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LSCC. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Raymond James decreased their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Susquehanna dropped their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC lifted their price target on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,172 shares of company stock worth $490,534. Company insiders own 1.80% of the company’s stock.

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.