Bank of New York Mellon Corp Has $60.89 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bank of New York Mellon Corp cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,074,877 shares of the semiconductor company's stock after selling 93,472 shares during the period. Bank of New York Mellon Corp owned about 0.78% of Lattice Semiconductor worth $60,892,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LSCC. TimesSquare Capital Management LLC boosted its stake in Lattice Semiconductor by 2,923.4% in 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 acquiring an additional 1,473,154 shares during the period. Point72 Asset Management L.P. acquired a new position in Lattice Semiconductor during the 3rd quarter valued at approximately $49,297,000. Westfield Capital Management Co. LP bought a new position in Lattice Semiconductor during the 3rd quarter worth $38,194,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company's stock worth $26,535,000 after buying an additional 380,790 shares during the period. Finally, Barclays PLC lifted its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after buying an additional 372,301 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC traded up $1.66 on Wednesday, reaching $62.62. The company's stock had a trading volume of 2,005,165 shares, compared to its average volume of 2,449,642. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm's 50 day moving average is $59.02 and its two-hundred day moving average is $54.78. The stock has a market cap of $8.63 billion, a PE ratio of 142.32, a PEG ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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 return on equity of 11.22% and a net margin of 12.00%. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on LSCC. Needham & Company LLC restated 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 upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.25.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,686 shares of company stock valued at $1,118,722 over the last three months. Company 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.