Paloma Partners Management Co Cuts Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Paloma Partners Management Co trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 60,000 shares of the semiconductor company’s stock after selling 283 shares during the period. Paloma Partners Management Co’s holdings in Lattice Semiconductor were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Lattice Semiconductor during the 4th quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Lattice Semiconductor in the 4th quarter worth $52,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $48.96 on Tuesday. The company has a 50 day simple moving average of $53.75 and a 200-day simple moving average of $55.48. The company has a market capitalization of $6.74 billion, a P/E ratio of 111.28, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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%. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LSCC. Susquehanna boosted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Loop Capital initiated coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They set a “buy” rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $67.69.

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.