Sumitomo Mitsui Trust Group Inc. Sells 264,174 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui Trust Group Inc. decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 97.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,943 shares of the semiconductor company's stock after selling 264,174 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Lattice Semiconductor were worth $422,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in shares of Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 709 shares during the period. West Oak Capital LLC increased its position in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock valued at $46,000 after buying an additional 550 shares during the period. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 407 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the 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 transaction, the senior vice president now owns 365 shares of the company's stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LSCC. Benchmark reissued a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. KeyCorp lowered 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Bank of America cut Lattice Semiconductor from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.42.

Lattice Semiconductor Stock Up 4.5 %

NASDAQ:LSCC traded up $2.17 during trading hours on Wednesday, hitting $50.75. 1,501,017 shares of the stock traded hands, compared to its average volume of 2,401,329. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 47.17 and a beta of 1.39. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a 50 day moving average price of $51.72 and a 200 day moving average price of $55.84.

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 (EPS) for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million during the quarter, compared to analysts' expectations of $127.05 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm's revenue was down 33.9% on a year-over-year basis. Equities analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal 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.