Forsta AP Fonden Sells 56,600 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Forsta AP Fonden lessened its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 65.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,400 shares of the semiconductor company’s stock after selling 56,600 shares during the period. Forsta AP Fonden’s holdings in Lattice Semiconductor were worth $1,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Artisan Partners Limited Partnership increased its holdings in Lattice Semiconductor by 6.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after buying an additional 611,550 shares during the period. Franklin Resources Inc. increased its stake in Lattice Semiconductor by 43.5% in the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after acquiring an additional 1,889,110 shares during the last quarter. William Blair Investment Management LLC raised its position in Lattice Semiconductor by 78.7% during the first quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after purchasing an additional 1,098,962 shares in the last quarter. Robeco Schweiz AG lifted its stake in Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at $98,684,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, 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 value of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction 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. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LSCC shares. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Susquehanna decreased their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. KeyCorp cut their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.08.

Lattice Semiconductor Trading Up 12.3 %

Lattice Semiconductor stock opened at $50.31 on Tuesday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $87.87. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 32.25 and a beta of 1.38. The firm’s fifty day moving average price is $49.88 and its two-hundred day moving average price is $63.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. On average, research analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

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.