Envestnet Asset Management Inc. Cuts Stock Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Envestnet Asset Management Inc. cut its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 11.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,355 shares of the semiconductor company's stock after selling 11,830 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Lattice Semiconductor worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. HighTower Advisors LLC raised its position in shares of Lattice Semiconductor by 33.9% in the 4th quarter. HighTower Advisors LLC now owns 6,886 shares of the semiconductor company's stock worth $390,000 after acquiring an additional 1,745 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Lattice Semiconductor by 24.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,911 shares of the semiconductor company's stock worth $335,000 after buying an additional 1,171 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Lattice Semiconductor in the 4th quarter worth $255,000. KLP Kapitalforvaltning AS purchased a new position in Lattice Semiconductor during the fourth quarter valued at $1,586,000. Finally, Vanguard Group Inc. lifted its position in shares of Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after acquiring an additional 229,820 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded up $1.54 during trading on Friday, hitting $53.79. 1,446,077 shares of the stock traded hands, compared to its average volume of 1,870,332. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55. The firm's fifty day moving average price is $50.11 and its 200-day moving average price is $53.20. The firm has a market capitalization of $7.40 billion, a P/E ratio of 145.38, a price-to-earnings-growth ratio of 3.52 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share 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 business had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue was down 14.7% on a year-over-year basis. As a group, equities research analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction on Thursday, May 15th. The shares were 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 in the company, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $4,926,715.36. This trade represents 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 Ratings Changes

LSCC has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Rosenblatt Securities restated a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Raymond James Financial reiterated an "outperform" rating and set a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.