Citigroup Inc. Sells 127,763 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Citigroup Inc. cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 13.1% in the third quarter, HoldingsChannel.com reports. The fund owned 845,812 shares of the semiconductor company’s stock after selling 127,763 shares during the period. Citigroup Inc.’s holdings in Lattice Semiconductor were worth $44,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LSCC. William Blair Investment Management LLC increased its stake in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after purchasing an additional 668,132 shares in the last quarter. Clearbridge Investments LLC increased its stake in Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Lattice Semiconductor by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after acquiring an additional 30,642 shares during the last quarter. Rokos Capital Management LLP boosted its position in Lattice Semiconductor by 1,592.8% during the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after acquiring an additional 426,511 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $54.21 on Monday. The business has a fifty day simple moving average of $52.20 and a two-hundred day simple moving average of $55.55. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. KeyCorp reduced their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, November 4th. Finally, Robert W. Baird reduced their price target on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor 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.