Janney Montgomery Scott LLC Sells 197,327 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Janney Montgomery Scott LLC lessened its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 97.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,147 shares of the semiconductor company’s stock after selling 197,327 shares during the period. Janney Montgomery Scott LLC’s holdings in Lattice Semiconductor were worth $292,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LSCC. UMB Bank n.a. boosted its position in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the period. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor during the third quarter worth $53,000. Brooklyn Investment Group bought a new stake in shares of Lattice Semiconductor in the third quarter worth $89,000. GAMMA Investing LLC increased its holdings in Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 594 shares during the period. Finally, Blue Trust Inc. increased its holdings in Lattice Semiconductor by 218.5% in the third quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 2,511 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $58.64 on Wednesday. The stock has a 50-day moving average of $57.83 and a 200-day moving average of $52.99. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The company has a market cap of $8.09 billion, a PE ratio of 56.93 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data 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 25.48% and a return on equity of 16.84%. Analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares in the company, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of analyst reports. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

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.