Wellington Management Group LLP Sells 159,484 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Wellington Management Group LLP lessened its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 30.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 358,532 shares of the semiconductor company’s stock after selling 159,484 shares during the period. Wellington Management Group LLP’s holdings in Lattice Semiconductor were worth $34,240,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Profund Advisors LLC boosted its stake in shares of Lattice Semiconductor by 8.1% during the 1st quarter. Profund Advisors LLC now owns 9,643 shares of the semiconductor company’s stock valued at $921,000 after purchasing an additional 723 shares in the last quarter. Shilanski & Associates Inc. bought a new stake in shares of Lattice Semiconductor during the 1st quarter valued at about $1,331,000. Telemark Asset Management LLC bought a new stake in shares of Lattice Semiconductor during the 1st quarter valued at about $19,100,000. M&T Bank Corp boosted its stake in shares of Lattice Semiconductor by 3.5% during the 1st quarter. M&T Bank Corp now owns 5,716 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 191 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Lattice Semiconductor during the 1st quarter valued at about $593,000. Institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling

In related news, SVP Glenn O’rourke sold 1,869 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $87.07, for a total transaction of $162,733.83. Following the completion of the transaction, the senior vice president now owns 2,597 shares in the company, valued at $226,120.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Glenn O’rourke sold 1,869 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $87.07, for a total transaction of $162,733.83. Following the sale, the senior vice president now owns 2,597 shares of the company’s stock, valued at $226,120.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Robert Anderson sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the sale, the chief executive officer now directly owns 788,847 shares in the company, valued at approximately $69,386,982.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,267 shares of company stock worth $9,409,480. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LSCC. Robert W. Baird lifted their target price on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Jefferies Financial Group boosted their price objective on shares of Lattice Semiconductor from $96.00 to $102.00 in a research note on Tuesday, May 16th. Rosenblatt Securities boosted their price objective on shares of Lattice Semiconductor to $188.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Raymond James initiated coverage on shares of Lattice Semiconductor in a research note on Tuesday, May 23rd. They set a “market perform” rating on the stock. Finally, StockNews.com began coverage on shares of Lattice Semiconductor in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.00.

Lattice Semiconductor Stock Performance

LSCC opened at $92.44 on Friday. The firm has a market cap of $12.74 billion, a P/E ratio of 63.32 and a beta of 1.26. Lattice Semiconductor Co. has a 1-year low of $44.53 and a 1-year high of $98.30. The company has a 50 day simple moving average of $91.82 and a two-hundred day simple moving average of $88.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.75 and a quick ratio of 2.53.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 31st. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Lattice Semiconductor had a return on equity of 43.37% and a net margin of 28.34%. The company had revenue of $190.08 million for the quarter, compared to the consensus estimate of $188.15 million. Equities analysts forecast that Lattice Semiconductor Co. will post 1.59 earnings per share for the current fiscal year.

About Lattice Semiconductor

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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.