Barclays PLC Cuts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Barclays PLC decreased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 785,780 shares of the semiconductor company's stock after selling 234,116 shares during the quarter. Barclays PLC owned about 0.57% of Lattice Semiconductor worth $44,513,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares during the period. Geode Capital Management LLC raised its stake in shares of Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after acquiring an additional 74,655 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Lattice Semiconductor by 9.9% in the 4th quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company's stock worth $102,584,000 after acquiring an additional 162,546 shares during the last quarter. Norges Bank purchased a new position in shares of Lattice Semiconductor during the 4th quarter worth about $88,674,000. Finally, TimesSquare Capital Management LLC grew its holdings in Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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. Loop Capital began coverage on Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective on the stock. Benchmark boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two equities 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, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $67.69.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the company'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 completion of the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Down 1.0 %

Shares of Lattice Semiconductor stock opened at $41.18 on Friday. The firm's 50 day moving average price is $56.39 and its 200-day moving average price is $55.76. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The company has a market cap of $5.67 billion, a P/E ratio of 93.59, a PEG ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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 return on equity of 11.22% and a net margin of 12.00%. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

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.

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