Cresset Asset Management LLC Sells 7,739 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Cresset Asset Management LLC trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,465 shares of the semiconductor company's stock after selling 7,739 shares during the period. Cresset Asset Management LLC's holdings in Lattice Semiconductor were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LSCC. UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor in the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $52,000. 98.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the business'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 transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were 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 of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,490 shares of company stock worth $777,363. 1.19% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded down $1.37 during midday trading on Wednesday, reaching $49.00. The company's stock had a trading volume of 862,907 shares, compared to its average volume of 2,634,634. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 111.41, a PEG ratio of 3.03 and a beta of 1.60. The firm has a 50 day moving average price of $50.28 and a two-hundred day moving average price of $55.34. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted 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 net margin of 12.00% and a return on equity of 11.22%. The business had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same period last year, the company posted $0.29 earnings per share. The business's quarterly revenue was down 14.7% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on LSCC. Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James reiterated an "outperform" rating and issued a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Finally, KeyCorp lowered their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

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.