Amalgamated Bank Sells 5,710 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Amalgamated Bank decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 70,959 shares of the semiconductor company’s stock after selling 5,710 shares during the quarter. Amalgamated Bank’s holdings in Lattice Semiconductor were worth $4,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LSCC. Principal Securities Inc. bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth $31,000. Dimensional Fund Advisors LP grew its stake in shares of Lattice Semiconductor by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock worth $47,054,000 after acquiring an additional 25,849 shares in the last quarter. Norges Bank bought a new position in Lattice Semiconductor during the fourth quarter valued at about $98,684,000. Dynamic Technology Lab Private Ltd bought a new position in Lattice Semiconductor during the fourth quarter valued at about $409,000. Finally, UBS Group AG grew its position in Lattice Semiconductor by 60.2% during the fourth quarter. UBS Group AG now owns 240,638 shares of the semiconductor company’s stock valued at $16,602,000 after buying an additional 90,434 shares during the period. Institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. KeyCorp reduced 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 report on Tuesday, July 30th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Raymond James upgraded shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Trading Down 2.7 %

Shares of Lattice Semiconductor stock opened at $52.82 on Friday. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $87.64. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 33.86 and a beta of 1.38. The company’s 50-day moving average price is $49.28 and its 200-day moving average price is $62.76.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 34.7% compared to the same quarter last year. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the 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 sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction that occurred 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 directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 directly owns 14,919 shares in the company, valued at $730,732.62. The disclosure for this sale can be found here. 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.