PNC Financial Services Group Inc. Cuts Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

PNC Financial Services Group Inc. reduced its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 40.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,950 shares of the semiconductor company’s stock after selling 4,060 shares during the period. PNC Financial Services Group Inc.’s holdings in Lattice Semiconductor were worth $312,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after purchasing an additional 4,676,100 shares in the last quarter. Janus Henderson Group PLC increased its position in Lattice Semiconductor by 740.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock worth $76,843,000 after purchasing an additional 1,195,624 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in Lattice Semiconductor during the 4th quarter worth approximately $44,147,000. Brown Advisory Inc. increased its position in Lattice Semiconductor by 110.6% during the 4th quarter. Brown Advisory Inc. now owns 970,411 shares of the semiconductor company’s stock worth $54,974,000 after purchasing an additional 509,704 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Lattice Semiconductor during the 4th quarter worth approximately $28,325,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSCC has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, August 5th. Loop Capital lowered their price objective on shares of Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. KeyCorp lowered their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a research report 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 report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.58.

Lattice Semiconductor Trading Down 0.0%

LSCC stock opened at $63.53 on Friday. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The company has a market capitalization of $8.70 billion, a P/E ratio of 276.23, a PEG ratio of 4.67 and a beta of 1.52. The firm has a 50 day simple moving average of $53.19 and a 200-day simple moving average of $53.21.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $123.60 million. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. On average, research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, CAO Tonya Stevens sold 3,439 shares of Lattice Semiconductor stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $64.92, for a total value of $223,259.88. Following the completion of the transaction, the chief accounting officer owned 87,776 shares of the company’s stock, valued at $5,698,417.92. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

About Lattice Semiconductor

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.