Fred Alger Management LLC Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Fred Alger Management LLC lowered its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,588 shares of the semiconductor company’s stock after selling 1,755 shares during the quarter. Fred Alger Management LLC’s holdings in Lattice Semiconductor were worth $6,347,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LSCC. American National Bank & Trust increased its stake in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC increased its stake in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Blue Trust Inc. lifted its position in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position 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 worth $89,000 after purchasing an additional 407 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Up 0.8 %

NASDAQ:LSCC opened at $56.75 on Friday. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $7.83 billion, a PE ratio of 55.10 and a beta of 1.39. The stock has a fifty day moving average price of $52.64 and a 200 day moving average price of $55.07.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was down 33.9% on a year-over-year basis. Equities analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LSCC. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, September 17th. Robert W. Baird lowered their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. KeyCorp cut their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Susquehanna dropped their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This represents 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. 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.