Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 35.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,833 shares of the semiconductor company's stock after selling 11,401 shares during the quarter. Guggenheim Capital LLC's holdings in Lattice Semiconductor were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $88,674,000. TimesSquare Capital Management LLC grew its stake in shares of Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after buying an additional 1,473,154 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $28,325,000. Barclays PLC raised its position in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after buying an additional 372,301 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $0.05 during mid-day trading on Friday, reaching $49.04. 1,747,011 shares of the company's stock were exchanged, compared to its average volume of 2,567,822. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The stock has a market capitalization of $6.75 billion, a PE ratio of 111.46, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The business's fifty day simple moving average is $54.14 and its 200-day simple moving average is $55.50.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on Lattice Semiconductor in a report on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective on the stock. Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. KeyCorp increased their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, 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, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average target price of $67.69.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.