Janney Montgomery Scott LLC Decreases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Janney Montgomery Scott LLC cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,147 shares of the semiconductor company's stock after selling 197,327 shares during the period. Janney Montgomery Scott LLC's holdings in Lattice Semiconductor were worth $292,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LSCC. Stephens Investment Management Group LLC boosted its stake in shares of Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock valued at $41,409,000 after purchasing an additional 142,005 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company's stock valued at $24,657,000 after purchasing an additional 38,826 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Lattice Semiconductor by 280.3% in the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company's stock valued at $1,041,000 after purchasing an additional 13,236 shares during the last quarter. Pier Capital LLC boosted its stake in shares of Lattice Semiconductor by 114.7% in the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company's stock valued at $8,571,000 after purchasing an additional 86,276 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at $1,314,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LSCC shares. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday. TD Cowen cut their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reissued a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Benchmark increased their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Robert W. Baird increased their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $66.25.

Lattice Semiconductor Stock Up 1.6 %

LSCC traded up $1.03 during trading on Friday, hitting $64.42. 1,774,036 shares of the company's stock were exchanged, compared to its average volume of 1,900,805. The business's 50 day moving average is $58.13 and its two-hundred day moving average is $53.23. The stock has a market cap of $8.89 billion, a P/E ratio of 62.54 and a beta of 1.41. 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, 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 25.48% and a return on equity of 16.84%. On average, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares of the company's stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company's stock.

Lattice Semiconductor 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.