Assenagon Asset Management S.A. Has $330,000 Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Assenagon Asset Management S.A. trimmed its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 83.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,823 shares of the semiconductor company’s stock after selling 30,430 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Lattice Semiconductor were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. American National Bank & Trust boosted its stake in shares of Lattice Semiconductor by 5,064.3% in the 3rd 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. Hollencrest Capital Management acquired a new position in Lattice Semiconductor in the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new position in Lattice Semiconductor in the third quarter valued at approximately $89,000. GAMMA Investing LLC grew its holdings in Lattice Semiconductor by 257.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 1,534 shares during the period. Finally, Blue Trust Inc. grew its holdings in Lattice Semiconductor by 218.5% during the 3rd quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 2,511 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Susquehanna upped their price objective on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.58.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Stock Down 3.8 %

LSCC stock opened at $57.26 on Friday. The business has a 50 day moving average of $57.61 and a 200 day moving average of $53.28. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market cap of $7.90 billion, a PE ratio of 55.59 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

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.