MetLife Investment Management LLC Sells 1,323 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

MetLife Investment Management LLC reduced its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,547 shares of the semiconductor company’s stock after selling 1,323 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Lattice Semiconductor worth $4,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LSCC. Westfield Capital Management Co. LP purchased a new stake in shares of Lattice Semiconductor during the third quarter worth about $38,194,000. William Blair Investment Management LLC lifted its holdings 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 worth $183,426,000 after buying an additional 668,132 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after buying an additional 426,511 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after acquiring an additional 380,790 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in 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 period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

LSCC opened at $58.33 on Tuesday. The firm has a market cap of $8.05 billion, a PE ratio of 56.63 and a beta of 1.39. The stock has a 50-day moving average price of $52.76 and a 200-day moving average price of $54.85. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,226 shares of company stock valued at $314,838. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LSCC. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Robert W. Baird decreased their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Susquehanna decreased their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor 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.