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

Blue Trust Inc. reduced its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 21.7% during the first quarter, Holdings Channel.com reports. The fund owned 1,451 shares of the semiconductor company’s stock after selling 403 shares during the quarter. Blue Trust Inc.’s holdings in Lattice Semiconductor were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of Lattice Semiconductor by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock valued at $1,220,487,000 after purchasing an additional 478,440 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after purchasing an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after purchasing an additional 4,676,100 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after purchasing an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock valued at $127,944,000 after purchasing an additional 216,617 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the sale, the senior vice president now directly owns 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director now owns 8,084 shares of the company’s stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Down 0.6%

Shares of LSCC opened at $50.50 on Friday. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 136.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.52. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The company has a 50 day moving average of $48.62 and a two-hundred day moving average of $54.26.

Lattice Semiconductor (NASDAQ:LSCC) last announced its 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 net margin of 10.51% and a return on equity of 9.24%. The company had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same period last year, the firm earned $0.29 earnings per share. Lattice Semiconductor’s revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts expect that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LSCC. Loop Capital dropped their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

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.