Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,990 shares of the semiconductor company’s stock after selling 3,158 shares during the quarter. Assetmark Inc.’s holdings in Lattice Semiconductor were worth $1,592,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LSCC. William Blair Investment Management LLC increased its position in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after buying an additional 668,132 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares in the last quarter. Bank of New York Mellon Corp raised its position in Lattice Semiconductor by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after acquiring an additional 30,642 shares during the period. Rokos Capital Management LLP raised its position in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after acquiring an additional 1,141,230 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Buying and Selling

In other news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 7.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. This trade represents a 18.59 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Trading Up 0.0 %

Shares of LSCC stock opened at $50.63 on Friday. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The company’s 50-day moving average price is $51.14 and its 200-day moving average price is $56.53. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 49.16 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period in the previous year, the business posted $0.41 EPS. Lattice Semiconductor’s revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

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.