Clearbridge Investments LLC Sells 97,572 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Clearbridge Investments LLC lessened its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,089,923 shares of the semiconductor company’s stock after selling 97,572 shares during the quarter. Clearbridge Investments LLC’s holdings in Lattice Semiconductor were worth $118,394,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LSCC. Vanguard Group Inc. boosted its holdings in Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after buying an additional 229,820 shares during the period. TD Asset Management Inc. lifted its position in shares of Lattice Semiconductor by 9.9% during the fourth quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company’s stock worth $102,584,000 after acquiring an additional 162,546 shares in the last quarter. Norges Bank bought a new position in shares of Lattice Semiconductor in the fourth quarter worth $88,674,000. TimesSquare Capital Management LLC grew its position in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 6.5 %

Shares of NASDAQ LSCC opened at $55.30 on Monday. The stock’s 50-day moving average is $60.41 and its 200 day moving average is $56.68. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 125.68, a P/E/G ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $80.13.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. KeyCorp raised their price target 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. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.25.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This 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 three months. Insiders own 1.80% of the company’s stock.

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.