BNP Paribas Financial Markets Sells 96,662 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

BNP Paribas Financial Markets cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,690 shares of the semiconductor company's stock after selling 96,662 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.18% of Lattice Semiconductor worth $13,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LSCC. Westfield Capital Management Co. LP purchased a new stake in Lattice Semiconductor in the 3rd quarter worth about $38,194,000. William Blair Investment Management LLC boosted its stake in Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock worth $183,426,000 after purchasing an additional 668,132 shares during the period. Dimensional Fund Advisors LP boosted its stake in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock worth $63,456,000 after purchasing an additional 426,511 shares during the period. Clearbridge Investments LLC grew its holdings in Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock valued at $105,669,000 after buying an additional 294,290 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Lattice Semiconductor by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company's stock worth $41,493,000 after buying an additional 146,199 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LSCC. KeyCorp lowered their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a "buy" rating and set a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average price target of $58.42.

Lattice Semiconductor Stock Up 2.8 %

Shares of LSCC traded up $1.58 during trading hours on Monday, reaching $58.33. 1,667,741 shares of the company traded hands, compared to its average volume of 2,380,785. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 56.63 and a beta of 1.39. The company's fifty day moving average price is $52.64 and its two-hundred day moving average price is $54.95.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm's revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. On average, analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Buying and Selling

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,226 shares of company stock valued at $314,838 over the last quarter. Corporate insiders own 1.80% of the company's stock.

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.