Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 845,812 shares of the semiconductor company’s stock after selling 127,763 shares during the period. Citigroup Inc. owned about 0.61% of Lattice Semiconductor worth $44,887,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Eagle Asset Management Inc. increased its position in shares of Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after acquiring an additional 38,826 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lattice Semiconductor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock valued at $48,287,000 after acquiring an additional 22,770 shares during the last quarter. Banco Santander S.A. lifted its stake in Lattice Semiconductor by 24.4% in the third quarter. Banco Santander S.A. now owns 11,990 shares of the semiconductor company’s stock valued at $636,000 after acquiring an additional 2,352 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Lattice Semiconductor in the third quarter valued at approximately $261,000. Finally, Meeder Asset Management Inc. lifted its stake in Lattice Semiconductor by 553.4% in the third quarter. Meeder Asset Management Inc. now owns 15,885 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 13,454 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, September 17th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. KeyCorp dropped their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Robert W. Baird dropped their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $54.21 on Monday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The company’s fifty day moving average price is $52.20 and its two-hundred day moving average price is $55.55. The firm has a market capitalization of $7.48 billion, a PE ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was down 33.9% compared to the same quarter last year. Analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the company’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 transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.