Intech Investment Management LLC Trims Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Intech Investment Management LLC reduced its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 51.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,943 shares of the semiconductor company's stock after selling 19,123 shares during the quarter. Intech Investment Management LLC's holdings in Lattice Semiconductor were worth $952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in LSCC. Tidal Investments LLC grew its position in shares of Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 308 shares during the period. Virtu Financial LLC bought a new stake in Lattice Semiconductor during the first quarter valued at about $754,000. Swedbank AB purchased a new stake in Lattice Semiconductor in the first quarter worth about $4,186,000. DekaBank Deutsche Girozentrale raised its stake in shares of Lattice Semiconductor by 131.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company's stock worth $35,265,000 after buying an additional 253,788 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Lattice Semiconductor by 105.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company's stock valued at $114,000 after buying an additional 748 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LSCC. TD Cowen decreased 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. Robert W. Baird dropped their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus raised Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Tuesday, September 17th. Raymond James dropped their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.42.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded up $0.43 on Friday, reaching $56.75. The company's stock had a trading volume of 972,279 shares, compared to its average volume of 2,383,872. The company has a 50-day simple moving average of $52.57 and a 200 day simple moving average of $55.28. The company has a market cap of $7.83 billion, a P/E ratio of 55.10 and a beta of 1.39. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company's quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock valued at $314,838 over the last three months. 1.80% of the stock is owned by company insiders.

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.