Pictet Asset Management Holding SA Reduces Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pictet Asset Management Holding SA cut its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,452,808 shares of the semiconductor company’s stock after selling 124,284 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lattice Semiconductor were worth $138,952,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LSCC. Lindbrook Capital LLC boosted its position in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 190 shares during the last quarter. Tidal Investments LLC boosted its holdings in Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after purchasing an additional 224 shares during the last quarter. CIBC Asset Management Inc grew its stake in Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. increased its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 274 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LSCC. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Benchmark 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 Tuesday, February 11th. KeyCorp lifted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,740 shares of company stock worth $943,026. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $55.30 on Friday. The firm has a market capitalization of $7.61 billion, a P/E ratio of 125.68, a P/E/G ratio of 3.03 and a beta of 1.43. The business has a 50 day simple moving average of $60.41 and a 200 day simple moving average of $56.50. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.13.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

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.