Blue Trust Inc. Lowers Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Blue Trust Inc. trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 49.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,854 shares of the semiconductor company’s stock after selling 1,806 shares during the period. Blue Trust Inc.’s holdings in Lattice Semiconductor were worth $105,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $53,000. Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $89,000. GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after buying an additional 594 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $213,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Pravin Desale sold 2,890 shares of the company’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 transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,051 shares of company stock valued at $499,498. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on LSCC. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Benchmark boosted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Stock Performance

LSCC opened at $66.75 on Friday. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 151.71, a P/E/G ratio of 3.03 and a beta of 1.41. The stock’s 50 day moving average price is $58.66 and its 200-day moving average price is $53.93. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share 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.