Captrust Financial Advisors Trims Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Captrust Financial Advisors decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,010 shares of the semiconductor company’s stock after selling 346 shares during the quarter. Captrust Financial Advisors’ holdings in Lattice Semiconductor were worth $372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new position in Lattice Semiconductor during the third quarter valued at approximately $38,194,000. William Blair Investment Management LLC lifted its holdings in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Lattice Semiconductor by 319.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after purchasing an additional 380,790 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LSCC. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Monday, September 16th. Needham & Company LLC upped their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen dropped their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note 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.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is currently owned by insiders.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $63.45 on Friday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a 50-day simple moving average of $53.94 and a 200 day simple moving average of $54.31.

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

Lattice Semiconductor 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.