Brown Advisory Inc. Cuts Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Brown Advisory Inc. decreased its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,167 shares of the semiconductor company's stock after selling 366,244 shares during the quarter. Brown Advisory Inc. owned about 0.44% of Lattice Semiconductor worth $31,689,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on LSCC shares. Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Robert W. Baird boosted their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, TD Cowen boosted their price objective on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director directly owned 8,084 shares in the company, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the transaction, the senior vice president owned 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Price Performance

LSCC traded down $1.18 during midday trading on Friday, reaching $53.72. 1,098,363 shares of the company's stock were exchanged, compared to its average volume of 2,639,773. The stock has a market capitalization of $7.39 billion, a PE ratio of 145.19, a P/E/G ratio of 3.62 and a beta of 1.52. The business's 50-day moving average price is $49.98 and its 200 day moving average price is $53.43. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55.

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. The company had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, analysts expect that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Lattice Semiconductor 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.