Lattice Semiconductor Co. (NASDAQ:LSCC) Position Cut by Fmr LLC

Fmr LLC lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 47.0% in the 3rd quarter, Holdings Channel reports. The fund owned 3,655,141 shares of the semiconductor company’s stock after selling 3,243,278 shares during the period. Fmr LLC’s holdings in Lattice Semiconductor were worth $193,978,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC increased its stake in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after purchasing an additional 668,132 shares during the period. Clearbridge Investments LLC grew its stake in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Lattice Semiconductor by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock valued at $81,582,000 after purchasing an additional 30,642 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares during the period. Finally, TD Asset Management Inc grew its position in Lattice Semiconductor by 5.8% in the 2nd quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after buying an additional 57,234 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Up 2.8 %

Shares of NASDAQ:LSCC opened at $58.33 on Tuesday. The business has a fifty day simple moving average of $52.76 and a 200 day simple moving average of $54.85. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 56.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Activity

In other news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s 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 transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,226 shares of company stock worth $314,838. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LSCC. Raymond James cut their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird reduced their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Susquehanna reduced their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

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.