Swiss National Bank Decreases Stock Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Swiss National Bank decreased its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,300 shares of the semiconductor company’s stock after selling 3,700 shares during the period. Swiss National Bank’s holdings in Lattice Semiconductor were worth $14,020,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LSCC. T. Rowe Price Investment Management Inc. increased its holdings in shares of Lattice Semiconductor by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after buying an additional 478,440 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after acquiring an additional 4,676,100 shares during the last quarter. Capital Research Global Investors raised its position in Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock valued at $127,944,000 after purchasing an additional 216,617 shares during the period. Bank of America Corp DE lifted its stake in shares of Lattice Semiconductor by 18.1% in the 4th quarter. Bank of America Corp DE now owns 1,727,479 shares of the semiconductor company’s stock valued at $97,862,000 after purchasing an additional 264,703 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Lattice Semiconductor by 37.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company’s stock worth $88,713,000 after purchasing an additional 425,199 shares during the period. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LSCC has been the topic of several recent research reports. KeyCorp decreased their price target on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. TD Cowen lowered their target price on shares of Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Loop Capital reduced their price objective on shares of Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.58.

Lattice Semiconductor Trading Down 2.6%

Shares of NASDAQ:LSCC opened at $63.55 on Friday. The company has a market capitalization of $8.70 billion, a PE ratio of 276.32, a P/E/G ratio of 4.79 and a beta of 1.52. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $70.55. The business’s fifty day simple moving average is $52.88 and its 200-day simple moving average is $53.16.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In related news, CAO Tonya Stevens sold 3,439 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $64.92, for a total transaction of $223,259.88. Following the completion of the sale, the chief accounting officer owned 87,776 shares of the company’s stock, valued at $5,698,417.92. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

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.