Global X Japan Co. Ltd. Reduces Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Global X Japan Co. Ltd. cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,189 shares of the semiconductor company’s stock after selling 2,006 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Lattice Semiconductor were worth $634,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after buying an additional 372,301 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Lattice Semiconductor in the third quarter worth $49,297,000. Charles Schwab Investment Management Inc. grew its position in shares of Lattice Semiconductor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock valued at $48,287,000 after buying an additional 22,770 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Lattice Semiconductor by 23.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after purchasing an additional 146,199 shares during the period. Finally, Stephens Investment Management Group LLC lifted its stake in 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 valued at $41,409,000 after buying an additional 142,005 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 in the last three months. Corporate insiders own 1.19% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $54.16 on Friday. The firm’s 50-day moving average is $58.02 and its 200-day moving average is $53.06. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 52.58 and a beta of 1.41. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Susquehanna increased their price objective on Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Robert W. Baird lifted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Needham & Company LLC boosted their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Company 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.