State Street Corp Sells 444,568 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

State Street Corp trimmed its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,916,225 shares of the semiconductor company’s stock after selling 444,568 shares during the period. State Street Corp’s holdings in Lattice Semiconductor were worth $260,904,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust raised its stake in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC raised its stake in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth $53,000. Blue Trust Inc. raised its stake in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Susquehanna decreased their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Robert W. Baird decreased their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,076 shares of company stock valued at $421,990. 1.19% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Down 1.7 %

LSCC stock opened at $59.48 on Wednesday. The firm has a market capitalization of $8.21 billion, a PE ratio of 57.75 and a beta of 1.42. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The stock has a 50-day simple moving average of $53.50 and a two-hundred day simple moving average of $54.19.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Lattice Semiconductor’s revenue was down 33.9% on a year-over-year basis. On average, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS 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.