UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 495,315 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,140,788 shares of the semiconductor company’s stock after selling 495,315 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.83% of Lattice Semiconductor worth $60,542,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its position in shares of Lattice Semiconductor by 0.6% in the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after acquiring an additional 300 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 308 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Lattice Semiconductor by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock worth $833,000 after buying an additional 422 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor 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 transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,226 shares of company stock worth $314,838. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LSCC shares. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Susquehanna decreased their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Finally, Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Trading Up 2.8 %

Shares of NASDAQ LSCC opened at $58.33 on Tuesday. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 56.63 and a beta of 1.39. The stock’s 50 day simple moving average is $52.76 and its 200 day simple moving average is $54.85. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 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 analyst estimates of $127.05 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

About Lattice Semiconductor

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.