Franklin Resources Inc. Sells 53,965 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Franklin Resources Inc. cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,952,203 shares of the semiconductor company’s stock after selling 53,965 shares during the period. Franklin Resources Inc. owned about 4.31% of Lattice Semiconductor worth $337,192,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LSCC. UMB Bank n.a. lifted its position 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 buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Lattice Semiconductor by 102.7% during the fourth 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 boosted its position in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $57,000. Institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on LSCC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Robert W. Baird increased their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. KeyCorp boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus increased their price objective 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. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock worth $943,026 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $52.45 on Tuesday. The stock has a market capitalization of $7.22 billion, a PE ratio of 119.21, a P/E/G ratio of 3.03 and a beta of 1.43. The company’s fifty day moving average is $60.30 and its 200 day moving average is $56.74. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.13.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results 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 forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

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.