Ensign Peak Advisors Inc Sells 9,000 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Ensign Peak Advisors Inc cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,806 shares of the semiconductor company's stock after selling 9,000 shares during the quarter. Ensign Peak Advisors Inc's holdings in Lattice Semiconductor were worth $2,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 340 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $52,000. 98.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,680 shares of company stock worth $938,301 in the last quarter. Corporate insiders own 1.80% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $52.25 on Friday. The firm's 50-day simple moving average is $50.56 and its 200 day simple moving average is $55.33. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.29. The firm has a market cap of $7.18 billion, a P/E ratio of 118.75, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business's revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on LSCC shares. Loop Capital lowered 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. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. 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, Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two 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 an average rating of "Moderate Buy" and an average target price of $63.15.

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.

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