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

Xponance Inc. reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,837 shares of the semiconductor company’s stock after selling 3,589 shares during the period. Xponance Inc.’s holdings in Lattice Semiconductor were worth $1,904,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the 1st quarter valued at approximately $30,000. West Oak Capital LLC grew its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Lattice Semiconductor by 82.4% during the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 333 shares during the last quarter. Blue Trust Inc. raised its position 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 valued at $67,000 after buying an additional 748 shares during the last quarter. Finally, Davidson Capital Management Inc. purchased a new position in shares of Lattice Semiconductor in the first quarter worth $78,000. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Trading Up 5.2 %

Shares of LSCC opened at $54.39 on Friday. The company has a market cap of $7.48 billion, a P/E ratio of 34.87 and a beta of 1.38. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $87.64. The company’s fifty day simple moving average is $48.68 and its 200-day simple moving average is $62.08.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same period in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was down 34.7% compared to the same quarter last year. Analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on LSCC shares. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, September 17th. TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a report on Monday, September 16th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.08.

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.