Lattice Semiconductor Corporation $LSCC Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. decreased its stake in Lattice Semiconductor by 1.8%, selling 391,277 shares and maintaining 21,153,062 shares in total.
• Lattice Semiconductor's stock saw a 2.6% decline recently and is currently trading at $61.56 with a market cap of $8.43 billion.
• The company reported $0.24 earnings per share for the recent quarter, meeting analyst expectations, and expects to post 0.65 EPS for the current year.

T. Rowe Price Investment Management Inc. lessened its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,153,062 shares of the semiconductor company's stock after selling 391,277 shares during the period. Lattice Semiconductor comprises approximately 0.7% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 23rd largest holding. T. Rowe Price Investment Management Inc. owned 15.38% of Lattice Semiconductor worth $1,109,479,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after purchasing an additional 4,676,100 shares in the last quarter. Invesco Ltd. boosted its position in Lattice Semiconductor by 93.2% in the 1st quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock worth $113,192,000 after purchasing an additional 1,040,804 shares in the last quarter. Bank of America Corp DE boosted its position in Lattice Semiconductor by 18.1% in the 4th quarter. Bank of America Corp DE now owns 1,727,479 shares of the semiconductor company's stock worth $97,862,000 after purchasing an additional 264,703 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Lattice Semiconductor by 37.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company's stock worth $88,713,000 after purchasing an additional 425,199 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Lattice Semiconductor by 2.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,559,055 shares of the semiconductor company's stock valued at $81,772,000 after buying an additional 35,510 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insider Activity

In other Lattice Semiconductor news, CAO Tonya Stevens sold 3,439 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $64.92, for a total value of $223,259.88. Following the completion of the sale, the chief accounting officer directly owned 87,776 shares of the company's stock, valued at $5,698,417.92. This trade represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LSCC shares. Loop Capital decreased their target price on Lattice Semiconductor from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Robert W. Baird increased their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Raymond James Financial reiterated an "outperform" rating and set a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp decreased their target price on 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, Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Buy" and an average target price of $63.58.

Lattice Semiconductor Trading Up 4.3%

LSCC stock traded up $2.63 during midday trading on Friday, reaching $64.16. The stock had a trading volume of 2,077,990 shares, compared to its average volume of 3,052,539. The company's fifty day simple moving average is $54.43 and its 200 day simple moving average is $53.42. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 278.97, a price-to-earnings-growth ratio of 4.71 and a beta of 1.52. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55.

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 for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%.The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Lattice Semiconductor has set its Q3 2025 guidance at 0.260-0.300 EPS. Sell-side analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current 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.