CENTRAL TRUST Co Sells 1,670 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

CENTRAL TRUST Co cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 71.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660 shares of the semiconductor company’s stock after selling 1,670 shares during the period. CENTRAL TRUST Co’s holdings in Lattice Semiconductor were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American National Bank & Trust grew its holdings in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC raised its stake 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 valued at $46,000 after buying an additional 550 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 period. Davidson Capital Management Inc. acquired a new stake in shares of Lattice Semiconductor during the 1st quarter valued at about $78,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased 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 valued at $89,000 after acquiring an additional 407 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on LSCC. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. KeyCorp cut their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Finally, Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Two research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.08.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $54.34 on Monday. The firm has a 50 day simple moving average of $49.56 and a 200 day simple moving average of $58.27. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a market cap of $7.47 billion, a P/E ratio of 34.83 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released 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). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. During the same period last year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was down 34.7% on a year-over-year basis. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $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.

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.