Xponance Inc. Trims Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Xponance Inc. lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 31,231 shares of the semiconductor company’s stock after selling 687 shares during the period. Xponance Inc.’s holdings in Lattice Semiconductor were worth $2,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LSCC. Skandinaviska Enskilda Banken AB publ increased its stake in Lattice Semiconductor by 33.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock worth $3,668,000 after buying an additional 10,650 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Lattice Semiconductor by 286.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after buying an additional 142,543 shares during the period. Amalgamated Bank increased its stake in Lattice Semiconductor by 8.7% in the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock worth $9,278,000 after buying an additional 8,603 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Lattice Semiconductor in the 3rd quarter worth about $530,000. Finally, Townsquare Capital LLC purchased a new position in Lattice Semiconductor in the 3rd quarter worth about $1,540,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LSCC. Stifel Nicolaus reduced their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. KeyCorp raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research note on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $75.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Finally, Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $66.08 on Tuesday. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The stock has a market capitalization of $9.09 billion, a P/E ratio of 35.72, a P/E/G ratio of 15.01 and a beta of 1.38. The company’s 50-day simple moving average is $75.88 and its 200-day simple moving average is $69.15.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same period last year, the business earned $0.38 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock worth $3,225,795. Corporate insiders own 1.19% of the company’s stock.

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.