Asset Management One Co. Ltd. Decreases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Asset Management One Co. Ltd. lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 51,330 shares of the semiconductor company’s stock after selling 3,313 shares during the period. Asset Management One Co. Ltd.’s holdings in Lattice Semiconductor were worth $3,642,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LSCC. PNC Financial Services Group Inc. grew its holdings in shares of Lattice Semiconductor by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 1,737 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Lattice Semiconductor during the 1st quarter worth about $122,000. Great West Life Assurance Co. Can grew its holdings in shares of Lattice Semiconductor by 8.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock worth $4,660,000 after purchasing an additional 5,572 shares during the period. Canada Pension Plan Investment Board lifted its position in Lattice Semiconductor by 5.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock worth $2,151,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Lattice Semiconductor during the 1st quarter worth approximately $6,647,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

LSCC has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna reduced their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Stifel Nicolaus reduced their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. KeyCorp boosted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Trading Up 2.5 %

LSCC stock opened at $77.65 on Friday. The firm has a market cap of $10.68 billion, a P/E ratio of 41.97, a P/E/G ratio of 17.09 and a beta of 1.38. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The stock’s 50 day simple moving average is $75.14 and its 200 day simple moving average is $69.92.

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

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock valued at $3,225,795. Corporate insiders own 1.19% of the company’s stock.

Lattice Semiconductor 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.