Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,559,055 shares of the semiconductor company's stock after acquiring an additional 35,510 shares during the quarter. Lattice Semiconductor accounts for about 1.3% of TimesSquare Capital Management LLC's portfolio, making the stock its 20th biggest holding. TimesSquare Capital Management LLC owned 1.13% of Lattice Semiconductor worth $81,772,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in LSCC. Allworth Financial LP boosted its stake in Lattice Semiconductor by 65.7% during the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 222 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSCC. Raymond James Financial reissued an "outperform" rating and set a $64.00 price target (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $72.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and an average price target of $63.15.

Insider Buying and Selling

In other news, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the sale, the senior vice president directly owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded down $0.13 during trading hours on Wednesday, reaching $51.95. 1,750,978 shares of the stock were exchanged, compared to its average volume of 2,632,336. The business's fifty day moving average is $50.09 and its two-hundred day moving average is $53.38. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $70.55. The firm has a market capitalization of $7.14 billion, a P/E ratio of 140.41, a P/E/G ratio of 3.58 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The firm 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 quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities research analysts predict 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.