Cookson Peirce & Co. Inc. Sells 135,492 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Cookson Peirce & Co. Inc. cut its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,106 shares of the semiconductor company's stock after selling 135,492 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Lattice Semiconductor were worth $1,456,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LSCC. PNC Financial Services Group Inc. grew its stake in Lattice Semiconductor by 29.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company's stock valued at $462,000 after buying an additional 1,737 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Lattice Semiconductor during the 1st quarter worth $122,000. Great West Life Assurance Co. Can lifted its holdings in shares of Lattice Semiconductor by 8.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company's stock worth $4,660,000 after acquiring an additional 5,572 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Lattice Semiconductor by 5.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company's stock worth $2,151,000 after acquiring an additional 1,886 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Lattice Semiconductor during the 1st quarter worth $6,647,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $4.85 during midday trading on Wednesday, hitting $70.22. 2,417,502 shares of the company traded hands, compared to its average volume of 2,131,696. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The stock has a 50-day moving average price of $75.90 and a 200 day moving average price of $69.53. The firm has a market cap of $9.66 billion, a P/E ratio of 39.98, a P/E/G ratio of 16.79 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. The business had revenue of $170.60 million for the quarter, compared to analysts' expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.8 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,741 shares of company stock worth $3,225,795. Corporate insiders own 1.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LSCC. Benchmark lifted their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a "positive" rating for the company in a research note on Tuesday, February 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $75.00 price target on shares of Lattice Semiconductor in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.