Woodline Partners LP Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Woodline Partners LP trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,615 shares of the semiconductor company's stock after selling 459,482 shares during the period. Woodline Partners LP's holdings in Lattice Semiconductor were worth $375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after buying an additional 800 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 valued at $53,217,000 after acquiring an additional 29,516 shares in the last quarter. Barclays PLC increased its position in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after buying an additional 372,301 shares during the period. Pacer Advisors Inc. increased its holdings 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 valued at $2,929,000 after purchasing an additional 5,384 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at $834,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LSCC shares. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp lowered their price objective 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. Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Stifel Nicolaus upped their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Susquehanna increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Insiders Place Their Bets

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's 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 transaction, the director now directly owns 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction 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. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded down $1.62 during mid-day trading on Friday, reaching $44.39. 2,523,134 shares of the company's stock traded hands, compared to its average volume of 2,659,032. The firm has a market capitalization of $6.10 billion, a PE ratio of 100.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The firm has a 50 day moving average price of $47.65 and a two-hundred day moving average price of $54.99. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The business's revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts expect that Lattice Semiconductor Co. 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.