Ameriprise Financial Inc. Decreases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Ameriprise Financial Inc. lessened its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,367,381 shares of the semiconductor company's stock after selling 751,390 shares during the period. Ameriprise Financial Inc. owned 0.99% of Lattice Semiconductor worth $77,462,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Lattice Semiconductor by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after buying an additional 163 shares during the period. Lindbrook Capital LLC boosted its position in Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after buying an additional 190 shares during the period. Tidal Investments LLC boosted its position in Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after buying an additional 224 shares during the period. CIBC Asset Management Inc boosted its position in Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after buying an additional 231 shares during the period. Finally, UMB Bank n.a. boosted its position in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after buying an additional 266 shares during the period. Institutional investors own 98.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LSCC shares. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Loop Capital reduced their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.93.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,680 shares of company stock worth $938,301. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded down $0.12 during mid-day trading on Tuesday, hitting $55.88. 2,907,771 shares of the stock traded hands, compared to its average volume of 2,629,487. The stock has a market cap of $7.68 billion, a P/E ratio of 127.00, a P/E/G ratio of 3.03 and a beta of 1.60. The stock's fifty day moving average is $51.02 and its two-hundred day moving average is $55.34. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Lattice Semiconductor's revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

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.