Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 99.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in Lattice Semiconductor by 5.7% in the 4th 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 last quarter. Lindbrook Capital LLC increased its stake in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after buying an additional 190 shares in the last quarter. CIBC Asset Management Inc raised its stake in Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after purchasing an additional 231 shares during the period. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Finally, Truvestments Capital LLC boosted its stake in Lattice Semiconductor by 6.8% during 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 during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded down $3.82 during trading hours on Wednesday, hitting $46.54. 4,512,094 shares of the company were exchanged, compared to its average volume of 2,648,799. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 105.78, a PEG ratio of 3.03 and a beta of 1.60. The company's 50 day moving average price is $50.28 and its 200-day moving average price is $55.34.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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. The company had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm's quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, equities analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was 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 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 legal filing with the SEC, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,490 shares of company stock worth $777,363 over the last quarter. Insiders own 1.19% of the company's stock.

Analyst Ratings Changes

LSCC has been the topic of a number of research reports. Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Raymond James reiterated an "outperform" rating and issued a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.