Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 51.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,649,212 shares of the semiconductor company’s stock after selling 1,745,659 shares during the period. William Blair Investment Management LLC’s holdings in Lattice Semiconductor were worth $93,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LSCC. TimesSquare Capital Management LLC lifted its stake in Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Lattice Semiconductor during the third quarter worth $49,297,000. Westfield Capital Management Co. LP bought a new position in Lattice Semiconductor during the third quarter worth $38,194,000. Raymond James Financial Inc. bought a new position in Lattice Semiconductor during the fourth quarter worth $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Susquehanna raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Finally, KeyCorp raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Buying and Selling

In related news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last three months. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Up 3.0 %

Shares of NASDAQ LSCC opened at $62.61 on Tuesday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.47. The firm’s 50-day simple moving average is $59.58 and its 200 day simple moving average is $55.61. The stock has a market cap of $8.63 billion, a P/E ratio of 142.30, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Lattice Semiconductor Company 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.