Fmr LLC Cuts Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

FMR LLC decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,823,579 shares of the semiconductor company's stock after selling 831,562 shares during the period. FMR LLC owned about 2.05% of Lattice Semiconductor worth $159,956,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in Lattice Semiconductor in the fourth quarter valued at $88,674,000. TimesSquare Capital Management LLC lifted its position in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Lattice Semiconductor in the fourth quarter worth approximately $28,325,000. Barclays PLC grew its position in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after acquiring an additional 229,820 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Down 1.0 %

Shares of LSCC stock traded down $0.41 during midday trading on Friday, reaching $41.18. 2,605,434 shares of the stock were exchanged, compared to its average volume of 2,555,305. The firm has a market cap of $5.67 billion, a PE ratio of 93.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The company's 50 day moving average is $56.39 and its two-hundred day moving average is $55.76. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 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 analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday, February 10th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Susquehanna raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.69.

Insider Buying and Selling at Lattice Semiconductor

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