Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lowered its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 34.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,169 shares of the semiconductor company’s stock after selling 1,646 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Lattice Semiconductor were worth $248,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Natixis Advisors L.P. increased its holdings in Lattice Semiconductor by 4.7% during the 3rd quarter. Natixis Advisors L.P. now owns 29,618 shares of the semiconductor company’s stock worth $2,545,000 after purchasing an additional 1,326 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Lattice Semiconductor by 3.2% in the third quarter. Advisors Asset Management Inc. now owns 9,208 shares of the semiconductor company’s stock worth $791,000 after buying an additional 285 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Lattice Semiconductor by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock worth $126,703,000 after buying an additional 107,100 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Lattice Semiconductor by 0.9% in the third quarter. Legal & General Group Plc now owns 538,271 shares of the semiconductor company’s stock worth $46,254,000 after buying an additional 4,829 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in shares of Lattice Semiconductor by 7.8% in the third quarter. iA Global Asset Management Inc. now owns 3,740 shares of the semiconductor company’s stock worth $321,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC traded up $1.35 during midday trading on Wednesday, hitting $61.57. 262,737 shares of the stock traded hands, compared to its average volume of 2,142,555. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The firm has a market capitalization of $8.47 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 12.62 and a beta of 1.39. The business’s 50 day moving average price is $67.15 and its two-hundred day moving average price is $70.12.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at $7,854,169.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at $57,037,564.32. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock valued at $3,664,529 over the last 90 days. 1.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on LSCC shares. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Bank of America lifted 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. Benchmark lifted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, June 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $82.09.

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.