Blue Trust Inc. Sells 403 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Blue Trust Inc. lowered its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 21.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,451 shares of the semiconductor company’s stock after selling 403 shares during the period. Blue Trust Inc.’s holdings in Lattice Semiconductor were worth $76,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LSCC. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% during the 4th 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $52,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $57,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $50.50 on Friday. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55. The firm has a market capitalization of $6.94 billion, a P/E ratio of 136.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.52. The company’s 50-day moving average is $48.62 and its 200 day moving average is $54.26.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. Research analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Loop Capital decreased their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Robert W. Baird upped their target price on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $63.15.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director now owns 8,084 shares in the company, valued at $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

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.