BNP Paribas Financial Markets Sells 56,854 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

BNP Paribas Financial Markets trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,836 shares of the semiconductor company’s stock after selling 56,854 shares during the quarter. BNP Paribas Financial Markets’ holdings in Lattice Semiconductor were worth $11,037,000 at the end of the most recent reporting period.

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

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $49.65 on Friday. The company’s 50-day simple moving average is $51.15 and its two-hundred day simple moving average is $55.32. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.29. The company has a market capitalization of $6.83 billion, a P/E ratio of 112.84, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same period last year, the business posted $0.29 EPS. Lattice Semiconductor’s quarterly revenue was down 14.7% on a year-over-year basis. On average, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LSCC has been the topic of several recent research reports. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen raised their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Rosenblatt Securities restated a “buy” rating and set a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Raymond James reiterated an “outperform” rating and set a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.93.

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.