Natixis Advisors LLC Reduces Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Natixis Advisors LLC lessened its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 12.8% in the third quarter, Holdings Channel reports. The institutional investor owned 19,571 shares of the semiconductor company’s stock after selling 2,874 shares during the quarter. Natixis Advisors LLC’s holdings in Lattice Semiconductor were worth $1,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the period. Swedbank AB purchased a new position in shares of Lattice Semiconductor during the 1st quarter valued at $4,186,000. Stephens Investment Management Group LLC increased its holdings in shares of Lattice Semiconductor by 22.2% in the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after purchasing an additional 142,005 shares during the period. Marshall Financial Group LLC purchased a new stake in shares of Lattice Semiconductor in the second quarter worth $721,000. Finally, Cetera Investment Advisers boosted its stake in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LSCC has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, September 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Robert W. Baird cut their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. TD Cowen lowered their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, KeyCorp dropped their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Down 2.6 %

Shares of NASDAQ:LSCC opened at $55.98 on Wednesday. The stock has a market cap of $7.72 billion, a PE ratio of 54.35 and a beta of 1.39. The company’s fifty day moving average is $52.44 and its 200 day moving average is $55.27. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $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.