American Century Companies Inc. trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,834,155 shares of the semiconductor company's stock after selling 727,001 shares during the period. American Century Companies Inc. owned about 1.33% of Lattice Semiconductor worth $103,905,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor during the 4th quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Lattice Semiconductor in the fourth quarter worth about $57,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Stock Performance
Shares of Lattice Semiconductor stock traded down $3.85 during trading on Friday, hitting $55.30. 2,480,252 shares of the stock were exchanged, compared to its average volume of 2,357,254. The stock's fifty day moving average is $60.47 and its 200 day moving average is $56.41. The stock has a market cap of $7.61 billion, a PE ratio of 125.68, a P/E/G ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $80.13.
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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%. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.
Analysts Set New Price Targets
LSCC has been the subject of a number of research analyst reports. KeyCorp raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Susquehanna raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.25.
Check Out Our Latest Stock Report on LSCC
Insider Buying and Selling at Lattice Semiconductor
In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock worth $943,026 over the last 90 days. Insiders own 1.80% of the company's stock.
About Lattice Semiconductor
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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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