Fmr LLC Sells 3,243,278 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

FMR LLC lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,655,141 shares of the semiconductor company's stock after selling 3,243,278 shares during the quarter. FMR LLC owned about 2.65% of Lattice Semiconductor worth $193,978,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LSCC. Swedbank AB raised its holdings in shares of Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock worth $3,120,000 after purchasing an additional 300 shares during the period. Tidal Investments LLC lifted its position in Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after buying an additional 308 shares in the last quarter. Financial Advocates Investment Management grew its stake in Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock worth $303,000 after buying an additional 394 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 407 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Lattice Semiconductor by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company's stock valued at $833,000 after acquiring an additional 422 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, November 4th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Susquehanna reduced their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. Finally, Robert W. Baird dropped their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $58.42.

Insider Activity

In other news, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction 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 transaction, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company's stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,226 shares of company stock worth $314,838. Corporate insiders own 1.19% of the company's stock.

Lattice Semiconductor Trading Down 0.3 %

LSCC stock traded down $0.15 during trading on Tuesday, hitting $58.18. The company had a trading volume of 323,611 shares, compared to its average volume of 2,372,072. The business has a 50 day moving average of $52.76 and a 200 day moving average of $54.85. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 56.63 and a beta of 1.42. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to analysts' expectations of $127.05 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's quarterly revenue was down 33.9% compared to the same quarter last year. As a group, equities analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current 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.