Wells Fargo & Company MN Has $5.96 Million Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Wells Fargo & Company MN lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 65.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,265 shares of the semiconductor company's stock after selling 198,263 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Lattice Semiconductor worth $5,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company's stock worth $267,000 after acquiring an additional 348 shares in the last quarter. Barclays PLC boosted its holdings in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after acquiring an additional 372,301 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Lattice Semiconductor by 1.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company's stock worth $2,226,000 after purchasing an additional 742 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after purchasing an additional 224 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Lattice Semiconductor in the third quarter worth about $789,000. Institutional investors own 98.08% of the company's stock.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded up $4.26 during trading hours on Thursday, hitting $48.16. The company had a trading volume of 901,325 shares, compared to its average volume of 2,563,540. The company's 50-day moving average is $54.82 and its two-hundred day moving average is $55.49. The company has a market cap of $6.63 billion, a P/E ratio of 109.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results 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 return on equity of 11.22% and a net margin of 12.00%. Sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analyst Ratings Changes

LSCC has been the subject of several research analyst reports. KeyCorp raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Loop Capital initiated coverage on Lattice Semiconductor in a research report on Friday, April 4th. They set a "buy" rating and a $85.00 price target for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $67.69.

About Lattice Semiconductor

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.