Securian Asset Management Inc. Trims Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Securian Asset Management Inc. lowered its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,430 shares of the semiconductor company’s stock after selling 283 shares during the period. Securian Asset Management Inc.’s holdings in Lattice Semiconductor were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LSCC. Oppenheimer Asset Management Inc. increased its holdings in shares of Lattice Semiconductor by 10.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 1,113 shares during the period. Empowered Funds LLC increased its holdings in shares of Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 619 shares during the period. RiverPark Advisors LLC increased its holdings in shares of Lattice Semiconductor by 85.0% in the third quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 1,966 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Lattice Semiconductor by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock valued at $41,493,000 after purchasing an additional 146,199 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $730,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,740 shares of company stock worth $943,026 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Benchmark upped their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird upped their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $60.79 on Monday. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 138.16, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.47. The stock’s fifty day moving average is $59.48 and its two-hundred day moving average is $55.50.

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

About Lattice Semiconductor

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.