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

Cresset Asset Management LLC trimmed its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 50.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,465 shares of the semiconductor company's stock after selling 7,739 shares during the quarter. 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 (SEC).

Several other institutional investors have also made changes to their positions in the stock. Barclays PLC grew its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $804,000. Park Avenue Securities LLC increased its holdings in Lattice Semiconductor by 19.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company's stock worth $279,000 after buying an additional 796 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Lattice Semiconductor by 31.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company's stock valued at $1,928,000 after acquiring an additional 8,171 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Raymond James restated an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor Stock Down 3.9%

Shares of LSCC stock traded down $2.07 during mid-day trading on Monday, reaching $50.46. The stock had a trading volume of 2,326,031 shares, compared to its average volume of 2,637,824. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.29. The firm has a market cap of $6.94 billion, a PE ratio of 114.68, a P/E/G ratio of 3.03 and a beta of 1.60. The firm's 50 day simple moving average is $50.44 and its 200 day simple moving average is $55.32.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $120.09 million. During the same period last year, the business earned $0.29 earnings per share. Lattice Semiconductor's quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 2,890 shares of the 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 sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the director now directly owns 8,084 shares of the company's stock, valued at $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,380 shares of company stock valued at $974,722 over the last quarter. Corporate insiders own 1.80% of the company's stock.

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.