Clearbridge Investments LLC Sells 97,572 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Clearbridge Investments LLC lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,089,923 shares of the semiconductor company's stock after selling 97,572 shares during the period. Clearbridge Investments LLC owned approximately 1.51% of Lattice Semiconductor worth $118,394,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Lattice Semiconductor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company's stock worth $48,287,000 after purchasing an additional 22,770 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Lattice Semiconductor by 265.8% in the 3rd quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company's stock worth $7,690,000 after buying an additional 104,400 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of Lattice Semiconductor by 53.9% during the 3rd quarter. Bridgewater Associates LP now owns 40,808 shares of the semiconductor company's stock worth $2,166,000 after buying an additional 14,294 shares during the period. Verition Fund Management LLC grew its position in Lattice Semiconductor by 1,983.6% in the third quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company's stock valued at $9,125,000 after acquiring an additional 163,685 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Lattice Semiconductor in the third quarter valued at $3,775,000. Institutional investors own 98.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Susquehanna boosted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.69.

Lattice Semiconductor Trading Down 9.4 %

Shares of LSCC traded down $4.03 during trading hours on Friday, hitting $39.03. 8,420,153 shares of the stock traded hands, compared to its average volume of 2,433,180. The business has a fifty day moving average of $59.29 and a 200-day moving average of $56.59. The firm has a market capitalization of $5.37 billion, a PE ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 1-year low of $38.72 and a 1-year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 14,740 shares of company stock valued at $943,026. Company insiders own 1.80% of the company's stock.

Lattice Semiconductor 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.