Russell Investments Group Ltd. Sells 29,674 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Russell Investments Group Ltd. lessened its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,699 shares of the semiconductor company's stock after selling 29,674 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Lattice Semiconductor worth $13,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $26,000. GAMMA Investing LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $28,000. Larson Financial Group LLC acquired a new position in shares of Lattice Semiconductor during the third quarter worth about $29,000. Heritage Wealth Advisors purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $33,000. Finally, Blue Trust Inc. grew its stake in shares of Lattice Semiconductor by 129.4% in the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company's stock valued at $41,000 after buying an additional 339 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the firm's 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 transaction, the chief financial officer now owns 124,116 shares of the company's stock, valued at $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 124,116 shares of the company's stock, valued at $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. In the last three months, insiders sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on Lattice Semiconductor from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 30th. Stifel Nicolaus decreased their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating for the company in a research report on Tuesday, February 13th. Finally, Susquehanna lifted their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a "positive" rating in a research report on Tuesday, April 30th. Four equities research 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.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus price target of $83.36.

Lattice Semiconductor Trading Up 1.5 %

Lattice Semiconductor stock traded up $1.06 during midday trading on Friday, hitting $70.92. The stock had a trading volume of 1,426,598 shares, compared to its average volume of 2,076,956. The business has a fifty day moving average price of $75.42 and a 200 day moving average price of $68.70. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The stock has a market cap of $9.76 billion, a P/E ratio of 45.46, a P/E/G ratio of 14.78 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. During the same period in the prior year, the company posted $0.38 EPS. The business's revenue was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.71 EPS for the current fiscal year.

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.