KBC Group NV Cuts Stock Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

KBC Group NV lowered its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,901 shares of the semiconductor company’s stock after selling 2,261 shares during the quarter. KBC Group NV’s holdings in Lattice Semiconductor were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock worth $170,000 after acquiring an additional 163 shares during the period. Lindbrook Capital LLC raised its stake in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 190 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in Lattice Semiconductor by 2.3% in the first quarter. Global X Japan Co. Ltd. now owns 11,441 shares of the semiconductor company’s stock valued at $600,000 after buying an additional 252 shares in the last quarter. Truvestments Capital LLC raised its stake in Lattice Semiconductor by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 274 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Lattice Semiconductor by 1.2% in the fourth quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company’s stock valued at $1,388,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $52.03 on Friday. The stock’s 50-day moving average is $49.52 and its two-hundred day moving average is $53.79. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 140.61, a PEG ratio of 3.52 and a beta of 1.52. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55.

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, hitting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The business had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on LSCC shares. KeyCorp cut their price target on 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 raised their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research note on Tuesday, May 6th. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.15.

Insider Activity

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the firm’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 completion of the sale, the senior vice president owned 87,106 shares in the company, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director owned 8,084 shares of the company’s stock, valued at approximately $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 corporate insiders.

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.