SG Americas Securities LLC Reduces Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

SG Americas Securities LLC cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 55.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,445 shares of the semiconductor company's stock after selling 15,528 shares during the quarter. SG Americas Securities LLC's holdings in Lattice Semiconductor were worth $859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company's stock worth $1,245,356,000 after purchasing an additional 807,562 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Lattice Semiconductor by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,796,609 shares of the semiconductor company's stock worth $678,932,000 after purchasing an additional 451,263 shares in the last quarter. State Street Corp boosted its position in shares of Lattice Semiconductor by 14.7% in the 2nd quarter. State Street Corp now owns 4,869,235 shares of the semiconductor company's stock worth $467,787,000 after purchasing an additional 623,216 shares in the last quarter. Invesco Ltd. boosted its position in shares of Lattice Semiconductor by 7.5% in the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company's stock worth $413,708,000 after purchasing an additional 335,564 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Lattice Semiconductor by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 2,239,693 shares of the semiconductor company's stock worth $213,891,000 after purchasing an additional 13,651 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Down 4.4 %

Shares of LSCC stock traded down $3.45 on Tuesday, hitting $74.51. The company had a trading volume of 1,929,441 shares, compared to its average volume of 2,253,255. The firm has a market cap of $10.25 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 17.66 and a beta of 1.38. The company has a 50-day moving average price of $73.43 and a 200-day moving average price of $70.15. Lattice Semiconductor Co. has a twelve month low of $51.96 and a twelve month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $170.60 million during the quarter, compared to analysts' expectations of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities research analysts expect that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Activity

In other news, CFO Sherri R. Luther sold 23,006 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares of the company's stock, valued at approximately $9,281,394.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares of the company's stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 53,065 shares of company stock valued at $3,840,806 in the last quarter. 1.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LSCC shares. Needham & Company LLC reissued a "buy" rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna lowered their price objective on Lattice Semiconductor from $80.00 to $78.00 and set a "positive" rating for the company in a research report on Tuesday, February 13th. Benchmark raised their price objective on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.00.

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.