Amalgamated Bank Cuts Stock Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Amalgamated Bank trimmed its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 3.3% in the first quarter, Holdings Channel reports. The firm owned 65,055 shares of the semiconductor company’s stock after selling 2,236 shares during the period. Amalgamated Bank’s holdings in Lattice Semiconductor were worth $3,412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in Lattice Semiconductor by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $170,000 after purchasing an additional 163 shares in the last quarter. Lindbrook Capital LLC boosted its position in Lattice Semiconductor by 15.3% in the 4th 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 during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Lattice Semiconductor by 2.3% during the first quarter. Global X Japan Co. Ltd. now owns 11,441 shares of the semiconductor company’s stock valued at $600,000 after acquiring an additional 252 shares in the last quarter. Truvestments Capital LLC increased its position in shares of Lattice Semiconductor by 6.8% during the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock worth $243,000 after acquiring an additional 274 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Lattice Semiconductor by 1.2% in the fourth quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company’s stock worth $1,388,000 after acquiring an additional 301 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on 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 owned 87,106 shares of the company’s stock, 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 SEC, which is available through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the company’s 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 completion of the transaction, the director directly owned 8,084 shares of the company’s stock, valued at approximately $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. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $52.03 on Friday. Lattice Semiconductor Corporation has a 52 week low of $34.69 and a 52 week high of $70.55. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 140.61, a PEG ratio of 3.50 and a beta of 1.52. The firm has a fifty day moving average of $49.58 and a two-hundred day moving average of $53.72.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) 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 analyst estimates of $120.09 million. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue was down 14.7% on a year-over-year basis. As a group, research analysts forecast that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LSCC. Robert W. Baird lifted their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Loop Capital decreased their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Rosenblatt Securities restated a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $63.15.

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.