UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 30.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140,788 shares of the semiconductor company's stock after selling 495,315 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.83% of Lattice Semiconductor worth $60,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LSCC. Blue Trust Inc. increased its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after buying an additional 748 shares during the period. Stephens Investment Management Group LLC increased its stake in Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock worth $41,409,000 after purchasing an additional 142,005 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of Lattice Semiconductor during the second quarter valued at approximately $721,000. Eagle Asset Management Inc. grew its holdings in shares of Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company's stock worth $24,657,000 after purchasing an additional 38,826 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Lattice Semiconductor by 280.3% in the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company's stock worth $1,041,000 after buying an additional 13,236 shares during the period. Institutional investors own 98.08% of the company's stock.

Analyst Ratings Changes

LSCC has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities restated a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, November 4th. Robert W. Baird dropped their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James dropped their price target on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus price target of $58.42.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,226 shares of company stock worth $314,838 over the last 90 days. 1.19% of the stock is currently owned by insiders.

Lattice Semiconductor Stock Down 0.1 %

Shares of LSCC stock traded down $0.05 during trading hours on Tuesday, hitting $58.28. 2,038,526 shares of the company's stock traded hands, compared to its average volume of 2,379,474. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 56.58 and a beta of 1.42. The stock's fifty day simple moving average is $52.76 and its two-hundred day simple moving average is $54.85.

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

Lattice Semiconductor Company 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.