Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,631 shares of the semiconductor company’s stock after selling 2,612 shares during the quarter. Deutsche Bank AG’s holdings in Lattice Semiconductor were worth $12,159,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $52,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $52.25 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.29. The stock’s 50-day moving average is $50.56 and its two-hundred day moving average is $55.33. The firm has a market cap of $7.18 billion, a P/E ratio of 118.75, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same period in the prior year, the firm posted $0.29 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Susquehanna upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Raymond James reaffirmed an “outperform” rating and set a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.15.

Insiders Place Their Bets

In other news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,680 shares of company stock valued at $938,301 in the last three months. Insiders own 1.80% of the company’s stock.

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.