Pictet Asset Management Holding SA Lowers Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pictet Asset Management Holding SA reduced its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,452,808 shares of the semiconductor company's stock after selling 124,284 shares during the quarter. Pictet Asset Management Holding SA owned approximately 1.78% of Lattice Semiconductor worth $138,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $88,674,000. TimesSquare Capital Management LLC increased its holdings in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after acquiring an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at $49,297,000. Raymond James Financial Inc. bought a new stake in Lattice Semiconductor during the fourth quarter valued at about $28,325,000. Finally, Barclays PLC raised its holdings in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company's stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares of the company's stock, valued at approximately $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. Insiders sold a total of 14,740 shares of company stock valued at $943,026 over the last 90 days. Insiders own 1.80% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Susquehanna increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.25.

Lattice Semiconductor Trading Down 1.2 %

Shares of NASDAQ LSCC traded down $0.64 during trading hours on Wednesday, hitting $52.29. 1,096,061 shares of the company traded hands, compared to its average volume of 2,368,930. The company's 50 day moving average price is $60.17 and its 200 day moving average price is $56.80. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $78.85. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 118.83, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

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