American International Group Inc. Has $14.38 Million Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

American International Group Inc. cut its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,845 shares of the semiconductor company’s stock after selling 3,769 shares during the quarter. American International Group Inc. owned approximately 0.13% of Lattice Semiconductor worth $14,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. GAMMA Investing LLC acquired a new position in Lattice Semiconductor in the fourth quarter valued at about $28,000. American National Bank acquired a new position in Lattice Semiconductor in the fourth quarter valued at about $28,000. Rise Advisors LLC acquired a new position in Lattice Semiconductor in the first quarter valued at about $30,000. Finally, Principal Securities Inc. acquired a new position in Lattice Semiconductor in the fourth quarter valued at about $31,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the transaction, the senior vice president now owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the transaction, the director now owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the transaction, the senior vice president now owns 12,084 shares of the company’s stock, valued at approximately $900,741.36. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock worth $3,664,529 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $88.00 price target (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Susquehanna boosted their target price on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research note on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Benchmark reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Thursday, July 18th. Finally, Bank of America boosted their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.09.

Lattice Semiconductor Stock Up 0.8 %

NASDAQ LSCC traded up $0.45 during trading on Thursday, reaching $55.32. 1,200,264 shares of the stock traded hands, compared to its average volume of 2,145,362. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 12.44 and a beta of 1.39. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The stock’s 50-day moving average price is $63.49 and its 200 day moving average price is $69.09.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. Analysts anticipate that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

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.