Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,235 shares of the semiconductor company’s stock after selling 500 shares during the quarter. MML Investors Services LLC’s holdings in Lattice Semiconductor were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC lifted its holdings in 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 Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares in the last quarter. Bank of New York Mellon Corp grew its position in Lattice Semiconductor by 2.2% during 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 buying an additional 30,642 shares during the period. Dimensional Fund Advisors LP increased its holdings in Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after buying an additional 426,511 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of Lattice Semiconductor by 5.8% in the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock worth $60,923,000 after acquiring an additional 57,234 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $59.66 on Friday. The stock’s 50 day simple moving average is $55.61 and its 200-day simple moving average is $53.68. The stock has a market cap of $8.23 billion, a P/E ratio of 57.92 and a beta of 1.42. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,172 shares of company stock worth $490,534. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LSCC shares. Susquehanna cut their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.