Principal Financial Group Inc. Sells 152,542 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

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

Several other hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its stake in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC raised its holdings in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after buying an additional 748 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 407 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Lattice Semiconductor in the second quarter worth about $110,000. 98.08% of the stock is currently owned by institutional investors.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 7.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 18.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LSCC. Robert W. Baird decreased their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Raymond James decreased their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. KeyCorp reduced their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Bank of America downgraded Lattice Semiconductor from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.42.

Lattice Semiconductor Stock Down 2.4 %

Shares of Lattice Semiconductor stock traded down $1.21 on Friday, hitting $49.42. 571,532 shares of the company traded hands, compared to its average volume of 2,400,752. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The company has a 50-day moving average price of $51.14 and a 200 day moving average price of $56.53. The company has a market cap of $6.82 billion, a PE ratio of 49.16 and a beta of 1.39.

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