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

Swiss National Bank lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 33.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,000 shares of the semiconductor company’s stock after selling 138,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of Lattice Semiconductor worth $14,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 152 shares during the last quarter. Swedbank AB raised its stake in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after purchasing an additional 300 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 308 shares during the last quarter. Financial Advocates Investment Management raised its stake in shares of Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $54.21 on Friday. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 50.58 and a beta of 1.39. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock’s fifty day moving average is $52.01 and its two-hundred day moving average is $55.78.

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. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LSCC shares. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Susquehanna dropped their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.