Raymond James Financial Services Advisors Inc. Lowers Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 54.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,147 shares of the semiconductor company’s stock after selling 8,448 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Lattice Semiconductor were worth $493,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. RiverPark Advisors LLC lifted its stake in Lattice Semiconductor by 31.2% in the fourth quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 195 shares during the period. Affinity Wealth Management LLC lifted its position in shares of Lattice Semiconductor by 2.8% in the 4th quarter. Affinity Wealth Management LLC now owns 92,947 shares of the semiconductor company’s stock worth $6,412,000 after purchasing an additional 2,521 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $332,000. Dfpg Investments LLC bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $215,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Lattice Semiconductor by 43.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,485 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 4,072 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,741 shares of company stock valued at $3,225,795. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Benchmark increased their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus dropped their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Finally, Susquehanna decreased their target price on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Trading Down 3.2 %

NASDAQ LSCC opened at $66.51 on Friday. The company has a fifty day simple moving average of $75.98 and a two-hundred day simple moving average of $69.39. The stock has a market cap of $9.15 billion, a P/E ratio of 35.95, a P/E/G ratio of 15.85 and a beta of 1.38. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.8 earnings per share for the current year.

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.