Wellington Management Group LLP Sells 1,003,702 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Wellington Management Group LLP lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 72.9% during the third quarter, Holdings Channel.com reports. The firm owned 372,869 shares of the semiconductor company’s stock after selling 1,003,702 shares during the quarter. Wellington Management Group LLP’s holdings in Lattice Semiconductor were worth $19,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LSCC. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Lattice Semiconductor in the 2nd quarter valued at $262,000. Swedbank AB raised its position in shares of Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after acquiring an additional 300 shares in the last quarter. Blue Trust Inc. raised its position in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares in the last quarter. Raymond James & Associates raised its position in shares of Lattice Semiconductor by 14.6% in the 2nd quarter. Raymond James & Associates now owns 53,133 shares of the semiconductor company’s stock worth $3,081,000 after acquiring an additional 6,764 shares in the last quarter. Finally, Marshall Financial Group LLC acquired a new position in Lattice Semiconductor during the 2nd quarter worth approximately $721,000. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LSCC. Susquehanna dropped their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday. Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,172 shares of company stock valued at $490,534 in the last 90 days. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Trading Up 1.6 %

Shares of LSCC opened at $63.45 on Friday. The firm has a market cap of $8.75 billion, a PE ratio of 61.60 and a beta of 1.42. The firm has a fifty day simple moving average of $53.94 and a two-hundred day simple moving average of $54.31. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal 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.