Assetmark Inc. Sells 3,158 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Assetmark Inc. decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 9.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,990 shares of the semiconductor company’s stock after selling 3,158 shares during the period. Assetmark Inc.’s holdings in Lattice Semiconductor were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. American National Bank & Trust raised its position 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 worth $38,000 after acquiring an additional 709 shares in the last quarter. West Oak Capital LLC raised its holdings in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the third quarter valued at about $53,000. Blue Trust Inc. boosted its holdings in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 0.0 %

Lattice Semiconductor stock opened at $50.63 on Friday. The stock has a 50-day moving average price of $51.14 and a 200 day moving average price of $56.53. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 49.16 and a beta of 1.39. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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 business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Research analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The trade was a 18.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The trade was a 7.63 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LSCC. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

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.