Hennion & Walsh Asset Management Inc. Increases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 29.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,900 shares of the semiconductor company's stock after buying an additional 9,860 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Lattice Semiconductor were worth $2,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Lattice Semiconductor by 209.2% in the first 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. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $52,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the 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 sale, the director now owns 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LSCC. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Stock Performance

LSCC stock traded up $1.09 during trading on Friday, hitting $48.02. 2,260,864 shares of the company's stock traded hands, compared to its average volume of 2,627,322. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $70.55. The business has a fifty day simple moving average of $46.73 and a 200 day simple moving average of $54.87. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 109.14, a P/E/G ratio of 3.03 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the business earned $0.29 earnings per share. Lattice Semiconductor's quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts forecast that Lattice Semiconductor Co. 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.