Ensign Peak Advisors Inc Sells 3,650 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Ensign Peak Advisors Inc lessened its position in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,600 shares of the semiconductor company’s stock after selling 3,650 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Lattice Semiconductor were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP increased its holdings in shares of Lattice Semiconductor by 1,267.7% during the 2nd quarter. Woodline Partners LP now owns 204,820 shares of the semiconductor company’s stock worth $9,934,000 after purchasing an additional 189,844 shares during the period. Laurion Capital Management LP bought a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $882,000. Principal Financial Group Inc. increased its holdings in shares of Lattice Semiconductor by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 546,103 shares of the semiconductor company’s stock worth $26,486,000 after purchasing an additional 69,088 shares during the period. Millennium Management LLC increased its holdings in shares of Lattice Semiconductor by 453.3% during the 2nd quarter. Millennium Management LLC now owns 1,329,526 shares of the semiconductor company’s stock worth $64,482,000 after purchasing an additional 1,089,216 shares during the period. Finally, Verition Fund Management LLC increased its holdings in shares of Lattice Semiconductor by 159.3% during the 2nd quarter. Verition Fund Management LLC now owns 13,422 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 8,245 shares during the period. Institutional investors own 97.09% of the company’s stock.

Lattice Semiconductor Trading Down 2.3 %

Shares of NASDAQ LSCC opened at $89.03 on Friday. Lattice Semiconductor Co. has a 1-year low of $43.41 and a 1-year high of $93.35. The company has a market cap of $12.23 billion, a PE ratio of 69.56 and a beta of 1.30. The company has a current ratio of 2.98, a quick ratio of 2.11 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $78.62 and a two-hundred day moving average of $65.24.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last announced its earnings results on Monday, February 13th. The semiconductor company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Lattice Semiconductor had a net margin of 27.09% and a return on equity of 42.26%. The company had revenue of $175.96 million during the quarter, compared to the consensus estimate of $174.73 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. As a group, equities analysts expect that Lattice Semiconductor Co. will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSCC. Cowen lifted their target price on shares of Lattice Semiconductor from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, February 14th. William Blair reiterated an “outperform” rating on shares of Lattice Semiconductor in a research report on Monday, November 28th. Benchmark lifted their target price on shares of Lattice Semiconductor from $65.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Rosenblatt Securities lifted their target price on shares of Lattice Semiconductor from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Finally, Susquehanna Bancshares lifted their target price on shares of Lattice Semiconductor from $72.00 to $75.00 in a research report on Tuesday, November 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.90.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Mark Edwin Jensen sold 9,000 shares of the business’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $64.55, for a total value of $580,950.00. Following the completion of the transaction, the director now directly owns 97,841 shares of the company’s stock, valued at $6,315,636.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mark Edwin Jensen sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $64.55, for a total transaction of $580,950.00. Following the completion of the sale, the director now directly owns 97,841 shares of the company’s stock, valued at $6,315,636.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James Robert Anderson sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $82.95, for a total transaction of $3,318,000.00. Following the sale, the chief executive officer now directly owns 889,242 shares of the company’s stock, valued at $73,762,623.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,714 shares of company stock valued at $12,145,604. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Company Profile

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Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.