State Street Corp Sells 444,568 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

State Street Corp lowered its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,916,225 shares of the semiconductor company’s stock after selling 444,568 shares during the quarter. State Street Corp owned approximately 3.56% of Lattice Semiconductor worth $260,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LSCC. Swedbank AB raised its holdings in Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after buying an additional 300 shares during the last quarter. HighTower Advisors LLC raised its holdings in Lattice Semiconductor by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 348 shares during the last quarter. Financial Advocates Investment Management raised its holdings in Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 394 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Lattice Semiconductor by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock valued at $833,000 after buying an additional 422 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor 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 completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,076 shares of company stock valued at $421,990. 1.19% of the stock is owned by company insiders.

Lattice Semiconductor Stock Down 1.7 %

Shares of LSCC stock opened at $59.48 on Wednesday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 57.75 and a beta of 1.42. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a 50 day moving average of $53.50 and a 200-day moving average of $54.19.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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 company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

LSCC has been the subject of a number of research reports. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 17th. Raymond James decreased their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $58.42.

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.