Principal Financial Group Inc. Trims Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Principal Financial Group Inc. decreased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 32.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,439 shares of the semiconductor company's stock after selling 152,542 shares during the period. Principal Financial Group Inc. owned 0.23% of Lattice Semiconductor worth $17,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. William Blair Investment Management LLC boosted its stake in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock valued at $183,426,000 after purchasing an additional 668,132 shares in the last quarter. Clearbridge Investments LLC lifted its position in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock valued at $105,669,000 after buying an additional 294,290 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Lattice Semiconductor by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company's stock valued at $81,582,000 after buying an additional 30,642 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock worth $63,456,000 after buying an additional 426,511 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Lattice Semiconductor by 5.8% in the 2nd quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company's stock worth $60,923,000 after acquiring an additional 57,234 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Analysts Set New Price Targets

LSCC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC raised their price objective on Lattice Semiconductor from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Rosenblatt Securities restated a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Finally, Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $0.70 on Friday, reaching $58.96. The company's stock had a trading volume of 2,074,882 shares, compared to its average volume of 2,360,065. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market capitalization of $8.13 billion, a P/E ratio of 57.24 and a beta of 1.42. The stock's 50 day simple moving average is $55.90 and its two-hundred day simple moving average is $53.65.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares of the company's stock, valued at $827,039.68. This represents a 11.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were 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 of the company's stock, valued at $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,172 shares of company stock valued at $490,534 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Company 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.