Swiss National Bank Trims Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Swiss National Bank decreased its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 431,000 shares of the semiconductor company’s stock after selling 11,800 shares during the quarter. Swiss National Bank owned about 0.31% of Lattice Semiconductor worth $29,735,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased its stake in Lattice Semiconductor by 6.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,880 shares of the semiconductor company’s stock worth $1,096,000 after acquiring an additional 942 shares during the last quarter. Norden Group LLC increased its stake in Lattice Semiconductor by 101.0% during the fourth quarter. Norden Group LLC now owns 5,140 shares of the semiconductor company’s stock worth $355,000 after acquiring an additional 2,583 shares during the last quarter. Van ECK Associates Corp increased its stake in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 174 shares during the last quarter. Retirement Systems of Alabama increased its stake in Lattice Semiconductor by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 263,873 shares of the semiconductor company’s stock worth $18,205,000 after acquiring an additional 768 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its stake in Lattice Semiconductor by 29.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 6,196 shares of the semiconductor company’s stock worth $427,000 after acquiring an additional 1,401 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several analyst reports. Needham & Company LLC boosted their target price on Lattice Semiconductor from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Robert W. Baird boosted their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Finally, Bank of America boosted their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $83.36.

Lattice Semiconductor Trading Down 3.4 %

NASDAQ LSCC opened at $69.36 on Thursday. The business’s 50 day moving average is $75.22 and its two-hundred day moving average is $68.67. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 14.78 and a beta of 1.41.

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

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 value of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was 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 owns 11,908 shares in the company, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders have sold a total of 43,741 shares of company stock worth $3,225,795 in the last quarter. Company 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.