BNP Paribas Financial Markets Lowers Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

BNP Paribas Financial Markets lowered its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,836 shares of the semiconductor company's stock after selling 56,854 shares during the period. BNP Paribas Financial Markets owned 0.14% of Lattice Semiconductor worth $11,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSCC. Sterling Capital Management LLC grew its stake in shares of Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after acquiring an additional 163 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 190 shares in the last quarter. Tidal Investments LLC grew 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 purchasing an additional 224 shares during the last quarter. CIBC Asset Management Inc increased its stake 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 purchasing an additional 231 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after buying an additional 266 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $49.65 on Friday. The stock has a market capitalization of $6.83 billion, a PE ratio of 112.84, a P/E/G ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The company's fifty day simple moving average is $51.15 and its 200-day simple moving average is $55.32.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

LSCC has been the subject of several analyst reports. Susquehanna raised their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James reaffirmed an "outperform" rating and set a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Rosenblatt Securities reissued a "buy" rating and issued a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $64.93.

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.

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