Franklin Resources Inc. Reduces Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Franklin Resources Inc. decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,952,203 shares of the semiconductor company’s stock after selling 53,965 shares during the period. Franklin Resources Inc.’s holdings in Lattice Semiconductor were worth $337,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Lattice Semiconductor in the 4th quarter worth about $88,674,000. TimesSquare Capital Management LLC increased its position in shares of 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 acquiring an additional 1,473,154 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor during the third quarter valued at approximately $49,297,000. Raymond James Financial Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,325,000. Finally, Barclays PLC grew its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’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 completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,740 shares of company stock worth $943,026. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. KeyCorp increased their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Down 5.2 %

Shares of LSCC opened at $52.45 on Tuesday. The company has a 50 day moving average of $60.30 and a two-hundred day moving average of $56.74. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $80.13. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 119.21, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

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%. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current 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.