Franklin Resources Inc. Reduces Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Franklin Resources Inc. trimmed its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,006,168 shares of the semiconductor company’s stock after selling 786,131 shares during the period. Franklin Resources Inc. owned approximately 4.35% of Lattice Semiconductor worth $313,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LSCC. American National Bank & Trust lifted its holdings 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 valued at $38,000 after buying an additional 709 shares during the period. West Oak Capital LLC increased its position in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new position in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. boosted its position in Lattice Semiconductor by 186.5% in the second 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew 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 valued at $89,000 after purchasing an additional 407 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $63.45 on Friday. The firm has a market cap of $8.75 billion, a P/E ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a 50 day simple moving average of $54.15 and a two-hundred day simple moving average of $54.06.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of research reports. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp dropped their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Raymond James cut their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the 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 owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,172 shares of company stock valued at $490,534. 1.80% of the stock is currently owned by insiders.

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.