Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,001 shares of the semiconductor company’s stock after selling 7,609 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lattice Semiconductor were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of Lattice Semiconductor in the third quarter valued at $496,000. AE Wealth Management LLC raised its stake in shares of Lattice Semiconductor by 39.7% in the third quarter. AE Wealth Management LLC now owns 3,098 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 881 shares during the period. SG Americas Securities LLC raised its stake in shares of Lattice Semiconductor by 15.7% in the third quarter. SG Americas Securities LLC now owns 27,973 shares of the semiconductor company’s stock valued at $2,404,000 after buying an additional 3,802 shares during the period. Hanlon Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 14.0% in the third quarter. Hanlon Investment Management Inc. now owns 3,242 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 398 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 100.7% in the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 154 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at $894,767.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Mark Jon Nelson sold 14,417 shares of the company’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of 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. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 over the last ninety days. 1.19% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Up 5.3 %

Lattice Semiconductor stock opened at $71.58 on Thursday. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30. The business has a 50-day simple moving average of $75.70 and a 200 day simple moving average of $69.09. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 14.91 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate 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 period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

LSCC has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued 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 for the company 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 for the company in a research report on Tuesday, February 13th. Finally, KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.