SG Americas Securities LLC Sells 15,153 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

SG Americas Securities LLC trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 83.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,908 shares of the semiconductor company’s stock after selling 15,153 shares during the period. SG Americas Securities LLC’s holdings in Lattice Semiconductor were worth $154,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. American National Bank & Trust raised its position in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the last quarter. West Oak Capital LLC raised its holdings in Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares during the last quarter. Davidson Capital Management Inc. acquired a new stake in Lattice Semiconductor during the 1st quarter worth approximately $78,000. Blue Trust Inc. grew its holdings in Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Lattice Semiconductor by 105.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity

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

Lattice Semiconductor Trading Up 1.5 %

NASDAQ:LSCC opened at $53.87 on Friday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 34.53 and a beta of 1.39. The firm has a fifty day simple moving average of $49.45 and a two-hundred day simple moving average of $58.55.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business’s quarterly revenue was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LSCC shares. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

About Lattice Semiconductor

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.