Intech Investment Management LLC Trims Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Intech Investment Management LLC cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 47.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,747 shares of the semiconductor company’s stock after selling 29,096 shares during the period. Intech Investment Management LLC’s holdings in Lattice Semiconductor were worth $2,484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Schweiz AG raised its holdings in shares of Lattice Semiconductor by 9.5% in the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock valued at $105,251,000 after buying an additional 132,000 shares during the last quarter. US Bancorp DE raised its holdings in shares of Lattice Semiconductor by 458.5% in the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after buying an additional 17,950 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after buying an additional 142,543 shares during the last quarter. Norden Group LLC raised its holdings in shares of Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after buying an additional 61,478 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Lattice Semiconductor by 173.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 314,331 shares of the semiconductor company’s stock valued at $21,686,000 after buying an additional 199,393 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $1.83 on Friday, hitting $56.23. The company’s stock had a trading volume of 1,999,518 shares, compared to its average volume of 1,942,086. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 12.23 and a beta of 1.39. The stock has a 50 day moving average of $64.36 and a 200-day moving average of $69.25.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 price target (up from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Needham & Company LLC restated a “buy” rating and set a $80.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, Benchmark restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.09.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 1,920 shares of the company’s stock, valued at $132,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction of $92,504.14. Following the transaction, the senior vice president now owns 12,084 shares of the company’s stock, valued at $900,741.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 1,920 shares in the company, valued at approximately $132,864. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock valued at $3,664,529 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.