Bessemer Group Inc. Lowers Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Bessemer Group Inc. cut its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 68.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,743 shares of the semiconductor company's stock after selling 44,823 shares during the quarter. Bessemer Group Inc.'s holdings in Lattice Semiconductor were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after acquiring an additional 478,440 shares during the period. Vanguard Group Inc. raised its position in Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after purchasing an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD raised its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the period. Geode Capital Management LLC lifted its stake in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after purchasing an additional 74,655 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock valued at $127,944,000 after buying an additional 216,617 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen increased their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. KeyCorp decreased their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Loop Capital cut their price target on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.15.

Insider Buying and Selling

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Down 0.5%

LSCC stock traded down $0.29 during trading on Friday, hitting $52.03. 1,183,828 shares of the company's stock traded hands, compared to its average volume of 2,635,842. The business has a fifty day simple moving average of $49.52 and a two-hundred day simple moving average of $53.79. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The firm has a market capitalization of $7.15 billion, a P/E ratio of 140.61, a PEG ratio of 3.52 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. On average, equities research analysts predict that Lattice Semiconductor Corporation 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.