Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,120 shares of the semiconductor company's stock after selling 52,468 shares during the quarter. Fred Alger Management LLC's holdings in Lattice Semiconductor were worth $3,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LSCC. UMB Bank n.a. grew 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 purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor during the 4th quarter worth $38,000. Skandinaviska Enskilda Banken AB publ increased its position in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after buying an additional 340 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after buying an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Lattice Semiconductor in the fourth quarter worth about $52,000. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Susquehanna lifted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. KeyCorp decreased their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a report on Tuesday, May 6th. Finally, StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average target price of $64.93.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was 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 in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company's stock, 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. Over the last quarter, insiders sold 14,680 shares of company stock valued at $938,301. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Stock Down 0.2%

Shares of Lattice Semiconductor stock traded down $0.12 on Tuesday, hitting $55.88. 2,907,771 shares of the company were exchanged, compared to its average volume of 2,629,487. The company has a 50-day moving average price of $51.02 and a 200 day moving average price of $55.34. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 127.00, a price-to-earnings-growth 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.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share 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 company had revenue of $120.15 million for 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. The firm's revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current 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.