Zurcher Kantonalbank Zurich Cantonalbank Sells 7,609 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 22.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,001 shares of the semiconductor company’s stock after selling 7,609 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lattice Semiconductor were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after purchasing an additional 807,562 shares during the period. Invesco Ltd. boosted its stake in Lattice Semiconductor by 7.5% in the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock valued at $413,708,000 after purchasing an additional 335,564 shares during the period. Ameriprise Financial Inc. boosted its stake in Lattice Semiconductor by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock valued at $126,703,000 after purchasing an additional 107,100 shares during the period. Bank of New York Mellon Corp boosted its stake in Lattice Semiconductor by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,888 shares of the semiconductor company’s stock valued at $125,190,000 after purchasing an additional 7,844 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Lattice Semiconductor in the 3rd quarter valued at $122,597,000. 98.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value 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 approximately $9,281,394.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock valued at $3,225,795 in the last 90 days. Corporate insiders own 1.19% of the company’s stock.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $71.58 on Thursday. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30. The stock has a market capitalization of $9.85 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 14.91 and a beta of 1.38. The stock has a fifty day moving average of $75.70 and a 200-day moving average of $69.09.

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

Analysts Set New Price Targets

LSCC has been the subject of several recent research reports. Susquehanna reduced their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research note on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. KeyCorp upped their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Benchmark upped their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus cut their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.