Van ECK Associates Corp Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Van ECK Associates Corp reduced its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 76.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,491 shares of the semiconductor company's stock after selling 23,786 shares during the quarter. Van ECK Associates Corp's holdings in Lattice Semiconductor were worth $398,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. William Blair Investment Management LLC boosted its holdings in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock valued at $183,426,000 after acquiring an additional 668,132 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock valued at $105,669,000 after acquiring an additional 294,290 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Lattice Semiconductor by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company's stock valued at $81,582,000 after acquiring an additional 30,642 shares during the period. Rokos Capital Management LLP raised its stake in shares of Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company's stock worth $94,896,000 after purchasing an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock worth $63,456,000 after purchasing an additional 426,511 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded down $2.19 during trading hours on Wednesday, hitting $50.62. The stock had a trading volume of 1,560,672 shares, compared to its average volume of 2,413,125. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 49.15 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's fifty day moving average is $51.00 and its two-hundred day moving average is $56.57.

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, meeting analysts' consensus estimates of $0.24. The business had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business's revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares of the company's stock, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares of the company's stock, valued at approximately $4,416,771.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LSCC shares. Bank of America cut 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 research note on Tuesday, July 30th. TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus upgraded Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research note on Tuesday, September 17th. Susquehanna cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of "Moderate Buy" and an average target price of $58.42.

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.