Russell Investments Group Ltd. Sells 129,042 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Russell Investments Group Ltd. reduced its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 94.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,177 shares of the semiconductor company’s stock after selling 129,042 shares during the period. Russell Investments Group Ltd.’s holdings in Lattice Semiconductor were worth $463,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of Lattice Semiconductor by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 103,185 shares of the semiconductor company’s stock worth $5,845,000 after buying an additional 2,876 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Lattice Semiconductor during the 4th quarter worth approximately $263,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $77,000. Prudential PLC boosted its stake in shares of Lattice Semiconductor by 66.4% during the fourth quarter. Prudential PLC now owns 9,012 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 3,596 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $414,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC stock opened at $43.88 on Thursday. The firm has a 50 day moving average price of $54.82 and a 200-day moving average price of $55.49. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 99.73, a PEG ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LSCC. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Susquehanna increased their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Company 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.