Plato Investment Management Ltd Cuts Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Plato Investment Management Ltd lessened its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 86.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 544 shares of the semiconductor company’s stock after selling 3,378 shares during the quarter. Plato Investment Management Ltd’s holdings in Lattice Semiconductor were worth $29,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rokos Capital Management LLP raised its stake in shares of Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after buying an additional 1,141,230 shares during the period. William Blair Investment Management LLC lifted its stake in Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after buying an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after buying an additional 426,511 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Lattice Semiconductor by 131.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock valued at $35,265,000 after purchasing an additional 253,788 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Raymond James reduced their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Finally, KeyCorp reduced their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Trading Down 2.8 %

LSCC stock opened at $49.23 on Friday. The company has a market capitalization of $6.79 billion, a PE ratio of 47.80 and a beta of 1.39. The business’s fifty day moving average price is $51.30 and its 200 day moving average price is $56.49. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was down 33.9% compared to the same quarter last year. Research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 7.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 18.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.