Two Sigma Advisers LP Cuts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Two Sigma Advisers LP trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 90.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,900 shares of the semiconductor company's stock after selling 445,600 shares during the period. Two Sigma Advisers LP's holdings in Lattice Semiconductor were worth $2,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after purchasing an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lattice Semiconductor by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock worth $53,217,000 after acquiring an additional 29,516 shares in the last quarter. Barclays PLC grew its holdings in shares of Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after acquiring an additional 372,301 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Lattice Semiconductor by 11.6% during the fourth quarter. Pacer Advisors Inc. now owns 51,712 shares of the semiconductor company's stock worth $2,929,000 after purchasing an additional 5,384 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $834,000. Institutional investors own 98.08% of the company's stock.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction 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 now owns 8,084 shares in the company, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president now directly owns 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

LSCC has been the subject of a number of research analyst reports. 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 report on Tuesday, May 6th. Loop Capital decreased their price target on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen lifted their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, KeyCorp lowered their price target on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Price Performance

LSCC stock traded down $1.62 during trading hours on Friday, reaching $44.39. 2,523,134 shares of the stock were exchanged, compared to its average volume of 2,660,105. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.21. The firm's 50-day moving average is $48.02 and its 200-day moving average is $54.98. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 100.89, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. 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 posted $0.29 earnings per share. The company's quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share 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.