Lattice Semiconductor Co. (NASDAQ:LSCC) Stake Cut by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 99.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,669 shares of the semiconductor company's stock after selling 617,829 shares during the period. Balyasny Asset Management L.P.'s holdings in Lattice Semiconductor were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LSCC. Barclays PLC raised its position in shares of Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Lattice Semiconductor by 19.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company's stock valued at $279,000 after acquiring an additional 796 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Lattice Semiconductor by 31.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company's stock valued at $1,928,000 after acquiring an additional 8,171 shares in the last quarter. UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter valued at approximately $1,324,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSCC has been the topic of several research reports. Stifel Nicolaus upped their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird increased their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Loop Capital dropped their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. TD Cowen increased their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Susquehanna increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Trading Down 1.7%

LSCC stock traded down $0.79 during trading hours on Friday, hitting $46.64. 1,874,671 shares of the stock traded hands, compared to its average volume of 2,656,382. The stock has a 50-day simple moving average of $49.54 and a 200 day simple moving average of $55.22. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.25. The company has a market cap of $6.41 billion, a P/E ratio of 106.00, a P/E/G 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 for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same quarter last year, the business posted $0.29 earnings per share. The company's quarterly revenue was down 14.7% on a year-over-year basis. Analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction on 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 transaction, the director now owns 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company's stock, valued at $7,838,755.86. This trade represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,490 shares of company stock valued at $777,363 over the last 90 days. 1.19% 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.