Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,642 shares of the semiconductor company's stock after selling 12,300 shares during the quarter. Lazard Asset Management LLC's holdings in Lattice Semiconductor were worth $659,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Lattice Semiconductor by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after acquiring an additional 478,440 shares in the last quarter. Vanguard Group Inc. lifted its position in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after acquiring an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after purchasing an additional 4,676,100 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $173,132,000 after purchasing an additional 74,655 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Lattice Semiconductor by 10.6% in 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 purchasing an additional 216,617 shares during the period. Hedge funds and other 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 stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director now directly owns 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares of the company's stock, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,490 shares of company stock worth $777,363 in the last 90 days. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LSCC. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Susquehanna boosted their target price 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. Loop Capital cut their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two research 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, Lattice Semiconductor has an average rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Stock Down 1.7%

Shares of Lattice Semiconductor stock traded down $0.79 on Monday, reaching $46.64. The company's stock had a trading volume of 1,874,671 shares, compared to its average volume of 2,661,434. The company has a market capitalization of $6.41 billion, a P/E ratio of 106.00, a PEG ratio of 3.03 and a beta of 1.60. The stock has a 50-day moving average price of $48.91 and a 200-day moving average price of $55.14. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.25.

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 the consensus estimate of $0.22. The company 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%. The firm's revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

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.