Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 31.5% in the 4th quarter, HoldingsChannel reports. The firm owned 41,216 shares of the semiconductor company’s stock after selling 18,936 shares during the period. Raymond James & Associates’ holdings in Lattice Semiconductor were worth $2,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSCC. UMB Bank n.a. grew its stake in Lattice Semiconductor by 100.7% during the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Lattice Semiconductor during the 3rd quarter worth about $26,000. RVW Wealth LLC purchased a new stake in Lattice Semiconductor during the 3rd quarter worth about $27,000. Rockefeller Capital Management L.P. lifted its holdings in Lattice Semiconductor by 404.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock worth $27,000 after buying an additional 344 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Lattice Semiconductor during the 3rd quarter worth about $29,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Down 3.7 %

Shares of LSCC stock opened at $74.76 on Monday. The stock has a market capitalization of $10.28 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 16.87 and a beta of 1.38. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The stock’s 50-day moving average price is $75.40 and its 200 day moving average price is $69.77.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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 firm had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts expect that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the business’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 transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 in the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Susquehanna decreased their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Finally, Benchmark boosted their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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