Lattice Semiconductor Co. (NASDAQ:LSCC) Stake Reduced by Swiss National Bank


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Swiss National Bank cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,400 shares of the semiconductor company’s stock after selling 700 shares during the quarter. Swiss National Bank owned about 0.22% of Lattice Semiconductor worth $13,948,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC increased its stake in Lattice Semiconductor by 19.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,411,414 shares of the semiconductor company’s stock worth $156,706,000 after purchasing an additional 884,928 shares in the last quarter. BlackRock Inc. increased its stake in Lattice Semiconductor by 5.7% in the 3rd quarter. BlackRock Inc. now owns 11,691,435 shares of the semiconductor company’s stock worth $338,583,000 after purchasing an additional 632,889 shares in the last quarter. Natixis increased its stake in Lattice Semiconductor by 188.3% in the 3rd quarter. Natixis now owns 463,285 shares of the semiconductor company’s stock worth $13,417,000 after purchasing an additional 302,590 shares in the last quarter. Victory Capital Management Inc. increased its stake in Lattice Semiconductor by 6.5% in the 3rd quarter. Victory Capital Management Inc. now owns 3,260,002 shares of the semiconductor company’s stock worth $94,410,000 after purchasing an additional 199,922 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Lattice Semiconductor by 17.4% in the 3rd quarter. Jennison Associates LLC now owns 1,147,640 shares of the semiconductor company’s stock worth $33,236,000 after purchasing an additional 169,805 shares in the last quarter.

In related news, Director John E. Major sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $40.68, for a total value of $40,680.00. Following the completion of the sale, the director now directly owns 32,058 shares in the company, valued at approximately $1,304,119.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Bourgoin sold 722 shares of the business’s stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $43.14, for a total value of $31,147.08. Following the completion of the sale, the director now owns 160,786 shares of the company’s stock, valued at $6,936,308.04. The disclosure for this sale can be found here. In the last three months, insiders sold 38,467 shares of company stock valued at $1,787,404. 1.24% of the stock is currently owned by company insiders.

Shares of NASDAQ LSCC opened at $46.59 on Tuesday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 141.18, a PEG ratio of 9.08 and a beta of 1.04. The business has a 50 day simple moving average of $44.15 and a 200 day simple moving average of $37.41. Lattice Semiconductor Co. has a 52 week low of $13.54 and a 52 week high of $50.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.18 and a current ratio of 3.86.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 15th. The semiconductor company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Lattice Semiconductor had a return on equity of 16.60% and a net margin of 11.31%. On average, analysts predict that Lattice Semiconductor Co. will post 0.38 EPS for the current year.

A number of equities analysts recently weighed in on LSCC shares. Colliers Securities reissued a “buy” rating on shares of Lattice Semiconductor in a research note on Thursday, January 28th. Craig Hallum lifted their target price on Lattice Semiconductor from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, February 17th. Cowen lifted their target price on Lattice Semiconductor from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, February 17th. Susquehanna lifted their target price on Lattice Semiconductor from $52.00 to $56.00 and gave the company a “positive” rating in a research note on Wednesday, February 17th. Finally, KeyCorp lifted their target price on Lattice Semiconductor from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 17th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Lattice Semiconductor currently has a consensus rating of “Buy” and an average price target of $48.22.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, and CrossLink, as well as power and thermal management products; and development kits and boards.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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