Russell Investments Group Ltd. Trims Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Russell Investments Group Ltd. lessened its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 94.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,177 shares of the semiconductor company’s stock after selling 129,042 shares during the quarter. Russell Investments Group Ltd.’s holdings in Lattice Semiconductor were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LSCC. Barclays PLC grew its holdings in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after purchasing an additional 372,301 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Lattice Semiconductor by 1.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company’s stock valued at $2,226,000 after acquiring an additional 742 shares during the period. Tidal Investments LLC increased its holdings in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after acquiring an additional 224 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Lattice Semiconductor during the third quarter valued at approximately $789,000. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 594 shares during the period. Institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the 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 in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LSCC. Benchmark lifted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Stifel Nicolaus upped their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Loop Capital started coverage on shares of Lattice Semiconductor in a report on Friday, April 4th. They issued a “buy” rating and a $85.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $67.69.

Lattice Semiconductor Stock Up 3.9 %

NASDAQ LSCC opened at $43.88 on Thursday. The firm has a market cap of $6.04 billion, a PE ratio of 99.73, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.85. The company has a 50 day moving average price of $54.82 and a 200 day moving average price of $55.49.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Lattice Semiconductor 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.