Russell Investments Group Ltd. Reduces Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Russell Investments Group Ltd. lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 13.0% in the fourth quarter, HoldingsChannel reports. The firm owned 198,699 shares of the semiconductor company’s stock after selling 29,674 shares during the period. Russell Investments Group Ltd.’s holdings in Lattice Semiconductor were worth $13,708,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LSCC. Headlands Technologies LLC purchased a new position in Lattice Semiconductor during the third quarter worth about $26,000. GAMMA Investing LLC purchased a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC purchased a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $29,000. Heritage Wealth Advisors purchased a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $33,000. Finally, Blue Trust Inc. boosted its stake in shares of Lattice Semiconductor by 129.4% in the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

LSCC has been the subject of several recent research reports. KeyCorp raised their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Benchmark raised their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Bank of America raised their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC raised their target price on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.36.

Insiders Place Their Bets

In other news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction on 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 transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction on 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 transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction on Monday, February 26th. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,741 shares of company stock valued at $3,225,795. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Trading Up 1.5 %

LSCC stock opened at $70.92 on Friday. Lattice Semiconductor Co. has a twelve month low of $51.96 and a twelve month high of $98.30. The company’s 50 day moving average is $75.42 and its two-hundred day moving average is $68.74. The stock has a market cap of $9.76 billion, a P/E ratio of 45.46, a PEG ratio of 14.78 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.71 earnings per share for the current 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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.