BNP Paribas Financial Markets Sells 96,662 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

BNP Paribas Financial Markets lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,690 shares of the semiconductor company’s stock after selling 96,662 shares during the period. BNP Paribas Financial Markets owned 0.18% of Lattice Semiconductor worth $13,357,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC increased its position in Lattice Semiconductor by 26.8% in the second 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 last quarter. Clearbridge Investments LLC raised its stake in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after acquiring an additional 294,290 shares during the period. Bank of New York Mellon Corp raised its stake in Lattice Semiconductor by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock valued at $81,582,000 after acquiring an additional 30,642 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in Lattice Semiconductor by 5.8% during the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock worth $60,923,000 after purchasing an additional 57,234 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $56.75 on Monday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market capitalization of $7.83 billion, a P/E ratio of 55.10 and a beta of 1.39. The firm’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $54.95.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share 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 firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Susquehanna cut their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, September 17th. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on 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 directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 6,226 shares of company stock valued at $314,838 over the last 90 days. Insiders own 1.80% of the company’s stock.

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.