Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,035,427 shares of the semiconductor company's stock after selling 39,450 shares during the period. Bank of New York Mellon Corp owned approximately 0.75% of Lattice Semiconductor worth $54,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 410 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Lattice Semiconductor during the 4th quarter worth approximately $52,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Lattice Semiconductor during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the 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 transaction, the director owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president owned 87,106 shares in the company, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LSCC shares. Loop Capital decreased their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen raised their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

Lattice Semiconductor Stock Down 2.1%

Shares of NASDAQ:LSCC traded down $1.18 during midday trading on Friday, reaching $53.72. The company's stock had a trading volume of 1,098,363 shares, compared to its average volume of 2,639,773. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 145.19, a price-to-earnings-growth ratio of 3.62 and a beta of 1.52. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The business has a 50 day moving average price of $49.98 and a 200 day moving average price of $53.47.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

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.