William Blair Investment Management LLC Sells 1,745,659 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

William Blair Investment Management LLC cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,649,212 shares of the semiconductor company's stock after selling 1,745,659 shares during the quarter. William Blair Investment Management LLC owned approximately 1.20% of Lattice Semiconductor worth $93,428,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Nicholas Company Inc. lifted its holdings in shares of Lattice Semiconductor by 30.5% during the fourth quarter. Nicholas Company Inc. now owns 386,623 shares of the semiconductor company's stock worth $21,902,000 after buying an additional 90,366 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Lattice Semiconductor by 24.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,911 shares of the semiconductor company's stock worth $335,000 after purchasing an additional 1,171 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Lattice Semiconductor by 14.6% in the 4th quarter. Natixis Advisors LLC now owns 22,428 shares of the semiconductor company's stock valued at $1,271,000 after purchasing an additional 2,857 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 340 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth $2,408,000. 98.08% of the stock is owned by institutional investors.

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Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares of the company's stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,740 shares of company stock valued at $943,026. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

LSCC has been the topic of a number of recent analyst reports. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, KeyCorp raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.25.

Lattice Semiconductor Trading Up 0.2 %

LSCC stock traded up $0.13 during trading on Friday, hitting $60.67. The company had a trading volume of 2,111,231 shares, compared to its average volume of 2,290,762. The stock has a market cap of $8.36 billion, a PE ratio of 137.89, a PEG ratio of 3.03 and a beta of 1.43. The business has a 50-day moving average of $59.95 and a 200-day moving average of $55.80. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS 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%. Research analysts forecast 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.