State Street Corp Sells 444,568 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

State Street Corp decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 8.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,916,225 shares of the semiconductor company's stock after selling 444,568 shares during the quarter. State Street Corp owned approximately 3.56% of Lattice Semiconductor worth $260,904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LSCC. Point72 Asset Management L.P. bought a new position in shares of Lattice Semiconductor in the third quarter worth about $49,297,000. Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor during the third quarter valued at approximately $38,194,000. William Blair Investment Management LLC boosted its holdings in Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock worth $183,426,000 after buying an additional 668,132 shares during the period. Dimensional Fund Advisors LP increased its stake in 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company's stock valued at $26,535,000 after acquiring an additional 380,790 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,076 shares of company stock worth $421,990. Insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded up $3.53 during trading on Wednesday, hitting $63.01. The company had a trading volume of 2,497,125 shares, compared to its average volume of 2,372,617. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 61.49 and a beta of 1.42. The company has a fifty day simple moving average of $53.50 and a two-hundred day simple moving average of $54.19. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 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 company had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Lattice Semiconductor's quarterly revenue was down 33.9% compared to the same quarter last year. On average, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on LSCC shares. Susquehanna cut their target price on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC increased their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday. TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp dropped their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

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.