Commonwealth Equity Services LLC Sells 305 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Commonwealth Equity Services LLC reduced its position in Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,638 shares of the semiconductor company’s stock after selling 305 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lattice Semiconductor were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Advisors Asset Management Inc. boosted its holdings in Lattice Semiconductor by 3.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 9,208 shares of the semiconductor company’s stock worth $791,000 after buying an additional 285 shares during the period. Legal & General Group Plc boosted its stake in shares of Lattice Semiconductor by 0.9% in the third quarter. Legal & General Group Plc now owns 538,271 shares of the semiconductor company’s stock worth $46,254,000 after acquiring an additional 4,829 shares during the period. iA Global Asset Management Inc. grew its position in shares of Lattice Semiconductor by 7.8% during the third quarter. iA Global Asset Management Inc. now owns 3,740 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 272 shares in the last quarter. Townsquare Capital LLC bought a new stake in Lattice Semiconductor during the 3rd quarter valued at approximately $1,540,000. Finally, Comerica Bank purchased a new position in Lattice Semiconductor in the 3rd quarter worth approximately $4,970,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSCC has been the subject of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Bank of America raised their target price 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. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, Susquehanna boosted their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

View Our Latest Analysis on Lattice Semiconductor

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $61.33 on Friday. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The business’s 50 day moving average is $66.48 and its two-hundred day moving average is $69.95. The stock has a market capitalization of $8.44 billion, a P/E ratio of 39.31, a PEG ratio of 13.34 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at approximately $57,037,564.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares in the company, valued at $57,037,564.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock worth $3,664,529. 1.19% of the stock is currently owned by insiders.

About Lattice Semiconductor

(Free Report)

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.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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