Amalgamated Bank Sells 10,651 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Amalgamated Bank lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,317 shares of the semiconductor company’s stock after selling 10,651 shares during the period. Amalgamated Bank owned 0.07% of Lattice Semiconductor worth $6,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LSCC. Van ECK Associates Corp lifted its stake in shares of Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lattice Semiconductor during the third quarter worth approximately $26,000. GAMMA Investing LLC acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,000. Larson Financial Group LLC bought a new position in shares of Lattice Semiconductor during the third quarter worth approximately $29,000. Finally, Heritage Wealth Advisors acquired a new stake in Lattice Semiconductor during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $70.92 on Monday. The company has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $68.70. Lattice Semiconductor Co. has a 1 year low of $51.96 and a 1 year high of $98.30. The firm has a market cap of $9.76 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 14.78 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. Lattice Semiconductor’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LSCC. Stifel Nicolaus dropped their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Benchmark boosted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Bank of America increased their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. KeyCorp upped their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC raised their target price on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.36.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,741 shares of company stock valued at $3,225,795. 1.19% of the stock is currently owned by company insiders.

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.