Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 60.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,288 shares of the semiconductor company’s stock after selling 99,561 shares during the quarter. Penserra Capital Management LLC’s holdings in Lattice Semiconductor were worth $3,517,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LSCC. American National Bank & Trust boosted its stake in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the period. West Oak Capital LLC lifted its position in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $53,000. Blue Trust Inc. raised its stake in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Lattice Semiconductor by 105.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 748 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 6.0 %

LSCC stock opened at $57.48 on Tuesday. The company has a market capitalization of $7.93 billion, a PE ratio of 55.81 and a beta of 1.39. The stock’s 50 day moving average is $52.34 and its two-hundred day moving average is $55.36. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on LSCC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Robert W. Baird decreased their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, KeyCorp cut their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Insider Activity

In related news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.