Balyasny Asset Management L.P. Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Balyasny Asset Management L.P. decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 99.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,669 shares of the semiconductor company’s stock after selling 617,829 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Lattice Semiconductor were worth $264,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LSCC. Price T Rowe Associates Inc. MD raised its position in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after acquiring an additional 4,676,100 shares in the last quarter. Norges Bank purchased a new position in Lattice Semiconductor in the fourth quarter worth $88,674,000. TimesSquare Capital Management LLC raised its position in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after acquiring an additional 1,473,154 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Lattice Semiconductor in the fourth quarter worth $44,147,000. Finally, Raymond James Financial Inc. purchased a new position in Lattice Semiconductor in the fourth quarter worth $28,325,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus upped their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Rosenblatt Securities reissued a “buy” rating and issued a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.15.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor 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 transaction, the senior vice president now directly owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,380 shares of company stock worth $974,722 in the last 90 days. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Stock Up 0.5%

LSCC opened at $52.53 on Friday. The firm has a market cap of $7.22 billion, a P/E ratio of 119.39, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.29. The business’s fifty day simple moving average is $50.44 and its 200 day simple moving average is $55.32.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $120.15 million during the quarter, compared to analysts’ expectations of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

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.