M&T Bank Corp Decreases Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

M&T Bank Corp reduced its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,521 shares of the semiconductor company’s stock after selling 776 shares during the period. M&T Bank Corp’s holdings in Lattice Semiconductor were worth $447,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LSCC. Jones Financial Companies Lllp increased its stake in Lattice Semiconductor by 88.1% in the 4th 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. Proficio Capital Partners LLC purchased a new position in Lattice Semiconductor in the 4th quarter worth approximately $834,000. PNC Financial Services Group Inc. increased its stake in Lattice Semiconductor by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,010 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 528 shares during the period. HighTower Advisors LLC increased its stake in Lattice Semiconductor by 33.9% in the 4th quarter. HighTower Advisors LLC now owns 6,886 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 1,745 shares during the period. Finally, Swiss National Bank increased its stake in Lattice Semiconductor by 0.7% in the 4th quarter. Swiss National Bank now owns 271,000 shares of the semiconductor company’s stock worth $15,352,000 after purchasing an additional 2,000 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LSCC. Robert W. Baird lifted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp cut their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Loop Capital cut their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.15.

Insiders Place Their Bets

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

Lattice Semiconductor Stock Down 0.2%

NASDAQ LSCC opened at $51.95 on Thursday. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The firm has a market capitalization of $7.14 billion, a PE ratio of 140.41, a P/E/G ratio of 3.51 and a beta of 1.52. The stock’s 50 day moving average is $50.16 and its 200 day moving average is $53.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. 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 previous year, the company posted $0.29 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. On average, research analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

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.