Geode Capital Management LLC Decreases Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Geode Capital Management LLC lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 6.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,980,790 shares of the semiconductor company's stock after selling 215,915 shares during the period. Geode Capital Management LLC owned 2.16% of Lattice Semiconductor worth $158,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSCC. HighTower Advisors LLC grew its holdings in shares of Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company's stock valued at $267,000 after purchasing an additional 348 shares during the period. Financial Advocates Investment Management grew its stake in shares of Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock valued at $303,000 after buying an additional 394 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after buying an additional 407 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Lattice Semiconductor by 3.0% during the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company's stock valued at $833,000 after buying an additional 422 shares during the period. Finally, Entropy Technologies LP lifted its holdings in Lattice Semiconductor by 5.6% in the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company's stock valued at $435,000 after acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have issued reports on LSCC. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

Lattice Semiconductor Stock Down 1.1 %

LSCC stock traded down $0.69 during midday trading on Tuesday, hitting $62.77. The company's stock had a trading volume of 1,820,435 shares, compared to its average volume of 2,362,236. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The firm has a 50-day simple moving average of $54.38 and a 200-day simple moving average of $53.82. The firm has a market capitalization of $8.66 billion, a P/E ratio of 61.61 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $127.09 million during the quarter, compared to analysts' expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor's revenue for the quarter was down 33.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

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.