PNC Financial Services Group Inc. Sells 4,060 Shares of Lattice Semiconductor Corporation $LSCC

Key Points

• PNC Financial Services Group Inc. reduced its stake in Lattice Semiconductor Corporation by 40.6%, now holding 5,950 shares valued at $312,000.
• Several institutional investors increased their holdings, with Envestnet Asset Management adding 2.9% and new positions from Raymond James Financial and Townsquare Capital worth approximately $28.3 million and $295,000, respectively.
• Lattice Semiconductor reported earnings of $0.24 EPS for the latest quarter, aligning with analysts' estimates while experiencing a 0.1% year-over-year revenue decline.

PNC Financial Services Group Inc. decreased its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 40.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,950 shares of the semiconductor company's stock after selling 4,060 shares during the period. PNC Financial Services Group Inc.'s holdings in Lattice Semiconductor were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Lattice Semiconductor by 65.7% during the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after buying an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after buying an additional 410 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Lattice Semiconductor during the first quarter worth approximately $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $52,000. Finally, UMB Bank n.a. increased its holdings in shares of Lattice Semiconductor by 114.6% during the first quarter. UMB Bank n.a. now owns 1,414 shares of the semiconductor company's stock worth $74,000 after buying an additional 755 shares in the last quarter. Institutional investors own 98.08% of the company's stock.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CAO Tonya Stevens sold 3,439 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $64.92, for a total value of $223,259.88. Following the transaction, the chief accounting officer directly owned 87,776 shares of the company's stock, valued at approximately $5,698,417.92. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LSCC shares. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Loop Capital dropped their price objective on shares of Lattice Semiconductor from $75.00 to $65.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Raymond James Financial reaffirmed 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. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $63.58.

Lattice Semiconductor Stock Down 0.3%

LSCC stock traded down $0.16 during midday trading on Wednesday, reaching $61.40. The company's stock had a trading volume of 2,311,240 shares, compared to its average volume of 3,102,232. Lattice Semiconductor Corporation has a 52 week low of $34.69 and a 52 week high of $70.55. The stock has a market cap of $8.41 billion, a PE ratio of 266.97, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The business's 50-day simple moving average is $53.86 and its 200-day simple moving average is $53.32.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The firm had revenue of $123.97 million for the quarter, compared to analysts' expectations of $123.60 million. During the same period last year, the firm earned $0.23 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. Lattice Semiconductor has set its Q3 2025 guidance at 0.260-0.300 EPS. As a group, equities analysts forecast that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

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.