Franklin Resources Inc. Reduces Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Franklin Resources Inc. reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,952,203 shares of the semiconductor company's stock after selling 53,965 shares during the quarter. Franklin Resources Inc. owned 4.31% of Lattice Semiconductor worth $337,192,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LSCC. Lindbrook Capital LLC boosted its holdings in Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after acquiring an additional 190 shares during the period. Tidal Investments LLC grew its holdings in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after purchasing an additional 224 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after buying an additional 231 shares during the period. UMB Bank n.a. raised its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after buying an additional 266 shares during the last quarter. Finally, Truvestments Capital LLC boosted its position in Lattice Semiconductor by 6.8% during the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock valued at $243,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 98.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LSCC shares. KeyCorp boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Stifel Nicolaus increased their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of "Moderate Buy" and an average price target of $67.69.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded down $4.03 during trading on Friday, hitting $39.03. The company's stock had a trading volume of 8,420,153 shares, compared to its average volume of 2,438,228. Lattice Semiconductor Co. has a 52 week low of $38.72 and a 52 week high of $78.85. The company has a market capitalization of $5.37 billion, a PE ratio of 88.71, a P/E/G ratio of 3.03 and a beta of 1.43. The company has a fifty day simple moving average of $59.29 and a two-hundred day simple moving average of $56.62.

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

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.