Wellington Management Group LLP Sells 1,003,702 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Wellington Management Group LLP trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 72.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 372,869 shares of the semiconductor company's stock after selling 1,003,702 shares during the quarter. Wellington Management Group LLP owned approximately 0.27% of Lattice Semiconductor worth $19,788,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swedbank AB grew its stake in Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock valued at $3,120,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC raised its stake in 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 in the last quarter. Financial Advocates Investment Management lifted its position in Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock worth $303,000 after purchasing an additional 394 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock valued at $89,000 after buying an additional 407 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of Lattice Semiconductor by 3.0% in 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 in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $0.99 on Friday, hitting $63.45. The company had a trading volume of 1,825,793 shares, compared to its average volume of 2,364,684. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market cap of $8.75 billion, a P/E ratio of 61.60 and a beta of 1.42. The stock's 50-day moving average is $53.94 and its two-hundred day moving average is $54.31.

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

Analysts Set New Price Targets

Several research firms recently issued reports on LSCC. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research report on Wednesday. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday. Rosenblatt Securities restated a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Wednesday. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Finally, 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 report on Wednesday. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.00.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction 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 completion of the sale, the senior vice president now owns 365 shares in the company, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock worth $490,534 over the last quarter. 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.