Charles Schwab Investment Management Inc. Sells 401,979 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Charles Schwab Investment Management Inc. cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) by 31.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 885,518 shares of the semiconductor company’s stock after selling 401,979 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lattice Semiconductor were worth $76,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank increased its position in shares of Lattice Semiconductor by 8.7% during the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock valued at $9,278,000 after purchasing an additional 8,603 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Lattice Semiconductor by 28.3% during the 2nd quarter. Guggenheim Capital LLC now owns 31,337 shares of the semiconductor company’s stock valued at $3,011,000 after purchasing an additional 6,909 shares during the last quarter. Strs Ohio increased its holdings in Lattice Semiconductor by 14.0% in the 2nd quarter. Strs Ohio now owns 10,361 shares of the semiconductor company’s stock worth $995,000 after acquiring an additional 1,276 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Lattice Semiconductor in the 2nd quarter worth about $1,816,000. Finally, New York Life Investment Management LLC increased its holdings in Lattice Semiconductor by 100.3% in the 3rd quarter. New York Life Investment Management LLC now owns 14,938 shares of the semiconductor company’s stock worth $1,284,000 after acquiring an additional 7,480 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 1.8 %

Shares of NASDAQ LSCC opened at $71.00 on Tuesday. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 47.02, a P/E/G ratio of 3.94 and a beta of 1.40. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The stock’s 50-day moving average is $66.09 and its 200 day moving average is $73.93.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a return on equity of 40.88% and a net margin of 28.59%. Lattice Semiconductor’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. On average, analysts forecast that Lattice Semiconductor Co. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LSCC shares. Deutsche Bank Aktiengesellschaft initiated coverage on Lattice Semiconductor in a report on Thursday, November 30th. They issued a “buy” rating and a $70.00 price objective for the company. KeyCorp cut their target price on Lattice Semiconductor from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $110.00 target price on shares of Lattice Semiconductor in a research note on Friday, October 27th. Susquehanna dropped their price target on Lattice Semiconductor from $95.00 to $75.00 and set a “positive” rating for the company in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus dropped their price target on Lattice Semiconductor from $82.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.33.

Check Out Our Latest Analysis on LSCC

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CEO James Robert Anderson sold 5,546 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $58.26, for a total value of $323,109.96. Following the transaction, the chief executive officer now directly owns 753,889 shares of the company’s stock, valued at approximately $43,921,573.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lattice Semiconductor news, CEO James Robert Anderson sold 5,546 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $58.26, for a total value of $323,109.96. Following the transaction, the chief executive officer now directly owns 753,889 shares of the company’s stock, valued at approximately $43,921,573.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 20,293 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $57.59, for a total value of $1,168,673.87. Following the completion of the transaction, the senior vice president now directly owns 14,554 shares in the company, valued at $838,164.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,279 shares of company stock valued at $2,230,073. Corporate insiders own 1.25% of the company’s stock.

Lattice Semiconductor Profile

(Free Report)

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

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

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