Victory Capital Management Inc. Acquires 13,939 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Victory Capital Management Inc. increased its stake in Lattice Semiconductor Corporation by 54%, totaling around $2.09 million with 39,748 shares owned as of their latest SEC filing.
• Despite the significant institutional interest, including a 98.08% ownership by institutional investors, Lattice Semiconductor's stock recently saw a slight decline of 0.1%.
• After the company's recent earnings report, analysts set varied price targets, with some lowering expectations while maintaining an overall positive outlook, as evidenced by a consensus average target price of $63.15.

Victory Capital Management Inc. grew its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 54.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,748 shares of the semiconductor company's stock after acquiring an additional 13,939 shares during the period. Victory Capital Management Inc.'s holdings in Lattice Semiconductor were worth $2,085,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 410 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $52,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $74,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $77,000. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director owned 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president owned 87,106 shares of the company's stock, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded down $0.22 during trading on Friday, hitting $49.61. The stock had a trading volume of 1,435,411 shares, compared to its average volume of 2,592,818. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $70.55. The firm's fifty day simple moving average is $50.43 and its 200-day simple moving average is $53.10. The stock has a market cap of $6.82 billion, a PE ratio of 134.32, a PEG ratio of 3.56 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the business posted $0.29 EPS. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. Analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LSCC. KeyCorp reduced their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Loop Capital cut their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Robert W. Baird raised their target price on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $64.50.

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.