Fifth Third Bancorp Sells 348 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Fifth Third Bancorp cut its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,007 shares of the semiconductor company’s stock after selling 348 shares during the period. Fifth Third Bancorp’s holdings in Lattice Semiconductor were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LSCC. PNC Financial Services Group Inc. boosted its stake in Lattice Semiconductor by 29.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 1,737 shares during the period. Acadian Asset Management LLC bought a new stake in Lattice Semiconductor in the 1st quarter valued at $122,000. Great West Life Assurance Co. Can boosted its stake in Lattice Semiconductor by 8.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after purchasing an additional 5,572 shares during the period. Canada Pension Plan Investment Board boosted its stake in Lattice Semiconductor by 5.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in Lattice Semiconductor in the 1st quarter valued at $6,647,000. 98.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 9,324 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $65.96, for a total value of $615,011.04. Following the completion of the transaction, the director now owns 820 shares of the company’s stock, valued at approximately $54,087.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robin Ann Abrams sold 9,324 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $65.96, for a total value of $615,011.04. Following the completion of the sale, the director now owns 820 shares of the company’s stock, valued at $54,087.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 53,065 shares of company stock valued at $3,840,806 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Up 2.4 %

Shares of LSCC opened at $77.57 on Wednesday. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The business has a 50-day simple moving average of $74.51 and a two-hundred day simple moving average of $69.83. The stock has a market cap of $10.67 billion, a PE ratio of 41.93, a PEG ratio of 16.92 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Benchmark upped their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp upped their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Finally, Susquehanna cut their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

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.