Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,980,790 shares of the semiconductor company’s stock after selling 215,915 shares during the quarter. Geode Capital Management LLC owned 2.16% of Lattice Semiconductor worth $158,222,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American National Bank & Trust increased its stake 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 buying an additional 709 shares during the last quarter. West Oak Capital LLC increased its position in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $53,000. 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 worth $67,000 after purchasing an additional 748 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake 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 in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $63.46 on Tuesday. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 61.61 and a beta of 1.42. The business has a 50 day simple moving average of $54.15 and a 200 day simple moving average of $53.90.

Lattice Semiconductor (NASDAQ:LSCC) last released 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 return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. This represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on LSCC. Susquehanna reduced their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Raymond James reduced their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.