Invesco Ltd. Sells 588,709 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Invesco Ltd. decreased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,117,288 shares of the semiconductor company's stock after selling 588,709 shares during the quarter. Invesco Ltd. owned about 0.81% of Lattice Semiconductor worth $63,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after acquiring an additional 74,655 shares during the last quarter. TD Asset Management Inc. grew its position in Lattice Semiconductor by 9.9% in the fourth quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company's stock worth $102,584,000 after acquiring an additional 162,546 shares in the last quarter. Norges Bank bought a new position in Lattice Semiconductor in the fourth quarter valued at $88,674,000. Finally, TimesSquare Capital Management LLC raised its position in Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Institutional investors own 98.08% of the company's stock.

Insider Activity

In related news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded down $0.41 during trading hours on Friday, hitting $41.18. The company had a trading volume of 2,605,434 shares, compared to its average volume of 2,555,305. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.85. The company has a market capitalization 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 stock has a 50-day moving average price of $56.39 and a 200 day moving average price of $55.76.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly 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%. Analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.