Franklin Resources Inc. Has $313.16 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Franklin Resources Inc. decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,006,168 shares of the semiconductor company's stock after selling 786,131 shares during the quarter. Franklin Resources Inc. owned approximately 4.35% of Lattice Semiconductor worth $313,162,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LSCC. Tidal Investments LLC lifted its holdings in shares of Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after buying an additional 224 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Lattice Semiconductor by 1.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company's stock valued at $2,226,000 after acquiring an additional 742 shares in the last quarter. M&T Bank Corp lifted its stake in Lattice Semiconductor by 54.9% in the third quarter. M&T Bank Corp now owns 7,742 shares of the semiconductor company's stock valued at $410,000 after acquiring an additional 2,743 shares during the last quarter. Barclays PLC grew its position in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after acquiring an additional 372,301 shares in the last quarter. Finally, Pier Capital LLC increased its stake in shares of Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company's stock worth $8,571,000 after purchasing an additional 86,276 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now directly owns 365 shares of the company's stock, valued at $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Trading Up 1.6 %

NASDAQ:LSCC traded up $0.99 during trading hours on Friday, hitting $63.45. 1,825,793 shares of the company traded hands, compared to its average volume of 2,364,684. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a 50-day moving average of $54.15 and a 200 day moving average of $54.06. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was down 33.9% on a year-over-year basis. Equities research analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LSCC shares. Susquehanna decreased their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Robert W. Baird upped their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen decreased their target price on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, KeyCorp lowered their price target on Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

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.