Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,074,877 shares of the semiconductor company’s stock after selling 93,472 shares during the quarter. Bank of New York Mellon Corp owned about 0.78% of Lattice Semiconductor worth $60,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LSCC. Wealth Enhancement Advisory Services LLC lifted its position in Lattice Semiconductor by 40.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock worth $337,000 after acquiring an additional 1,830 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Lattice Semiconductor by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock worth $852,000 after buying an additional 1,085 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Lattice Semiconductor by 159.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock worth $593,000 after buying an additional 6,862 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Lattice Semiconductor by 9.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock worth $10,745,000 after buying an additional 18,320 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $53,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,686 shares of company stock worth $1,118,722. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

LSCC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Stifel Nicolaus increased their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Benchmark raised their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $60.96 on Wednesday. The business’s fifty day moving average price is $59.02 and its two-hundred day moving average price is $54.78. The stock has a market cap of $8.40 billion, a PE ratio of 138.55, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 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.