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

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 29.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LSCC. Sumitomo Mitsui Trust Group Inc. boosted its position in Lattice Semiconductor by 13.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,007 shares of the semiconductor company's stock worth $510,000 after acquiring an additional 1,064 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Lattice Semiconductor by 4.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,719 shares of the semiconductor company's stock valued at $947,000 after purchasing an additional 703 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Lattice Semiconductor by 7.5% in the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company's stock valued at $284,000 after purchasing an additional 349 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Lattice Semiconductor by 12.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company's stock worth $49,759,000 after buying an additional 98,096 shares in the last quarter. Finally, Values First Advisors Inc. boosted its stake in Lattice Semiconductor by 84.4% during the fourth quarter. Values First Advisors Inc. now owns 8,957 shares of the semiconductor company's stock worth $507,000 after buying an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded down $0.71 on Thursday, hitting $46.93. The stock had a trading volume of 2,774,229 shares, compared to its average volume of 2,619,007. The company's 50 day moving average price is $46.83 and its 200-day moving average price is $54.82. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $70.55. The firm has a market capitalization of $6.45 billion, a P/E ratio of 106.66, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly 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. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business's revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on LSCC. Loop Capital reduced their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Robert W. Baird increased their price target 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. KeyCorp reduced their price target on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Raymond James reiterated an "outperform" rating and issued a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction 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. The trade was a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

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.