Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly reduced its holdings in Lattice Semiconductor by 72.4% in Q1, selling 36,008 shares, while still holding assets worth approximately $720,000.
• Despite the reduction in some holdings, institutional investors collectively own 98.08% of Lattice Semiconductor’s stock, indicating strong institutional confidence in the company.
• Lattice Semiconductor reported an earnings per share of $0.24 for the last quarter, meeting analyst expectations, with a year-over-year revenue decline of 0.1%.

New Age Alpha Advisors LLC decreased its position in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 72.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,718 shares of the semiconductor company's stock after selling 36,008 shares during the quarter. New Age Alpha Advisors LLC's holdings in Lattice Semiconductor were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in Lattice Semiconductor during the fourth quarter valued at approximately $219,000. ExodusPoint Capital Management LP bought a new position in Lattice Semiconductor during the 4th quarter worth about $414,000. Dynamic Technology Lab Private Ltd bought a new position in Lattice Semiconductor during the 4th quarter worth about $263,000. Envestnet Asset Management Inc. raised its position in shares of Lattice Semiconductor by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 103,185 shares of the semiconductor company's stock worth $5,845,000 after acquiring an additional 2,876 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Lattice Semiconductor by 48.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,632 shares of the semiconductor company's stock worth $92,000 after acquiring an additional 536 shares in the last quarter. Institutional investors own 98.08% of the company's stock.

Analyst Ratings Changes

LSCC has been the subject of several research analyst reports. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, August 5th. TD Cowen dropped their price target on Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Loop Capital dropped their price target on Lattice Semiconductor from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Finally, Williams Trading set a $60.00 price target on Lattice Semiconductor in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $63.58.

Insider Transactions at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director owned 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

LSCC stock traded up $2.75 during mid-day trading on Tuesday, reaching $63.33. 3,283,780 shares of the company's stock were exchanged, compared to its average volume of 2,697,296. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 275.36, a price-to-earnings-growth ratio of 4.52 and a beta of 1.52. The stock's 50 day moving average is $51.86 and its 200 day moving average is $52.94. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. The company had revenue of $123.97 million for the quarter, compared to the consensus estimate of $123.60 million. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%. Lattice Semiconductor's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, research analysts forecast that Lattice Semiconductor Corporation will post 0.65 earnings per share 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.