Comerica Bank Has $3.07 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Comerica Bank decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) by 61.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 62,095 shares of the semiconductor company’s stock after selling 97,025 shares during the period. Comerica Bank’s holdings in Lattice Semiconductor were worth $3,074,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Woodline Partners LP raised its stake in shares of Lattice Semiconductor by 1,267.7% in the 2nd quarter. Woodline Partners LP now owns 204,820 shares of the semiconductor company’s stock valued at $9,934,000 after buying an additional 189,844 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of Lattice Semiconductor during the 2nd quarter worth about $882,000. Principal Financial Group Inc. increased its position in shares of Lattice Semiconductor by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 546,103 shares of the semiconductor company’s stock worth $26,486,000 after purchasing an additional 69,088 shares in the last quarter. Millennium Management LLC increased its position in shares of Lattice Semiconductor by 453.3% during the 2nd quarter. Millennium Management LLC now owns 1,329,526 shares of the semiconductor company’s stock worth $64,482,000 after purchasing an additional 1,089,216 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Lattice Semiconductor by 159.3% during the 2nd quarter. Verition Fund Management LLC now owns 13,422 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 8,245 shares in the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

Insider Activity

In other news, SVP Glenn O’rourke sold 949 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $49.48, for a total value of $46,956.52. Following the transaction, the senior vice president now owns 32,737 shares of the company’s stock, valued at approximately $1,619,826.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Glenn O’rourke sold 949 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $49.48, for a total value of $46,956.52. Following the transaction, the senior vice president now owns 32,737 shares of the company’s stock, valued at approximately $1,619,826.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Robert Anderson sold 23,858 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $67.05, for a total transaction of $1,599,678.90. Following the completion of the transaction, the chief executive officer now directly owns 767,534 shares in the company, valued at approximately $51,463,154.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,014 shares of company stock valued at $5,713,954. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LSCC. StockNews.com began coverage on shares of Lattice Semiconductor in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Benchmark dropped their target price on shares of Lattice Semiconductor to $60.00 in a research report on Friday, November 4th. Susquehanna Bancshares increased their target price on shares of Lattice Semiconductor from $72.00 to $75.00 in a research report on Tuesday, November 15th. Craig Hallum dropped their target price on shares of Lattice Semiconductor from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, November 1st. Finally, Susquehanna raised their price objective on shares of Lattice Semiconductor from $72.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Lattice Semiconductor Trading Up 0.7 %

LSCC opened at $72.62 on Tuesday. The stock has a market capitalization of $9.95 billion, a PE ratio of 65.42 and a beta of 1.33. The company has a current ratio of 3.09, a quick ratio of 2.23 and a debt-to-equity ratio of 0.34. Lattice Semiconductor Co. has a 1-year low of $43.41 and a 1-year high of $76.47. The firm has a 50-day moving average price of $67.74 and a two-hundred day moving average price of $58.68.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last issued its earnings results on Monday, October 31st. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $172.51 million for the quarter, compared to analyst estimates of $166.27 million. Lattice Semiconductor had a net margin of 24.83% and a return on equity of 38.63%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. As a group, equities analysts anticipate that Lattice Semiconductor Co. will post 1.37 earnings per share for the current fiscal year.

Lattice Semiconductor Profile

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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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

Further Reading

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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