Wellington Management Group LLP Reduces Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Wellington Management Group LLP reduced its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 80.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,121 shares of the semiconductor company’s stock after selling 116,098 shares during the period. Wellington Management Group LLP’s holdings in Lattice Semiconductor were worth $2,416,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LSCC. BlackRock Inc. boosted its holdings in shares of Lattice Semiconductor by 12.5% in the 2nd quarter. BlackRock Inc. now owns 19,550,962 shares of the semiconductor company’s stock valued at $1,878,261,000 after acquiring an additional 2,166,930 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Lattice Semiconductor during the third quarter worth $122,597,000. Norges Bank purchased a new stake in Lattice Semiconductor during the fourth quarter worth $87,617,000. 1832 Asset Management L.P. boosted its holdings in Lattice Semiconductor by 707.8% during the first quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock worth $98,203,000 after buying an additional 901,000 shares in the last quarter. Finally, FMR LLC boosted its holdings in Lattice Semiconductor by 5.9% during the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after buying an additional 807,562 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $79.63 on Thursday. The firm has a market cap of $10.95 billion, a PE ratio of 43.04, a price-to-earnings-growth ratio of 17.74 and a beta of 1.39. The company has a 50-day moving average of $72.74 and a two-hundred day moving average of $70.64. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results 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 during the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. Lattice Semiconductor’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 9,324 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $65.96, for a total transaction of $615,011.04. Following the completion of the transaction, the director now owns 820 shares of the company’s stock, valued at $54,087.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robin Ann Abrams sold 9,324 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $65.96, for a total transaction of $615,011.04. Following the completion of the transaction, the director now directly owns 820 shares of the company’s stock, valued at approximately $54,087.20. The disclosure for this sale can be found here. Insiders sold a total of 53,065 shares of company stock valued at $3,840,806 over the last 90 days. 1.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of recent analyst reports. Susquehanna lowered their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a report on Tuesday, February 13th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Lattice Semiconductor in a research report on Thursday, November 30th. They set a “buy” rating and a $70.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Lattice Semiconductor Company 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.