Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 61.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,083 shares of the semiconductor company's stock after selling 9,593 shares during the quarter. Cetera Investment Advisers' holdings in Lattice Semiconductor were worth $345,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in shares of 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 purchasing an additional 163 shares in the last quarter. Lindbrook Capital LLC grew its position in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after acquiring an additional 190 shares in the last quarter. CIBC Asset Management Inc grew its position in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after acquiring an additional 231 shares in the last quarter. Truvestments Capital LLC grew its position in Lattice Semiconductor by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock worth $243,000 after acquiring an additional 274 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 98.08% of the company's stock.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction dated 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 now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen upped their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Raymond James restated an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor Price Performance

LSCC traded down $1.62 on Friday, hitting $44.39. The company had a trading volume of 2,523,134 shares, compared to its average volume of 2,659,032. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $70.55. The stock has a fifty day simple moving average of $47.65 and a 200-day simple moving average of $54.96. The firm has a market capitalization of $6.10 billion, a P/E ratio of 100.89, a P/E/G ratio of 3.03 and a beta of 1.60.

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