Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 51.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,649,212 shares of the semiconductor company’s stock after selling 1,745,659 shares during the quarter. William Blair Investment Management LLC owned about 1.20% of Lattice Semiconductor worth $93,428,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LSCC. Oppenheimer Asset Management Inc. grew its stake in Lattice Semiconductor by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 1,113 shares during the last quarter. Empowered Funds LLC grew its stake in Lattice Semiconductor by 15.3% in the 3rd quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 619 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Lattice Semiconductor by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock valued at $41,493,000 after acquiring an additional 146,199 shares during the last quarter. LMR Partners LLP acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $730,000. Finally, Meeder Asset Management Inc. grew its stake in Lattice Semiconductor by 553.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 15,885 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 13,454 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock valued at $943,026 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $62.61 on Tuesday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.47. The company’s 50 day moving average price is $59.58 and its 200 day moving average price is $55.61. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 142.30, a PEG ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on LSCC shares. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Benchmark upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

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.