Polar Capital Holdings Plc Decreases Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Polar Capital Holdings Plc decreased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 83.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,900 shares of the semiconductor company's stock after selling 48,600 shares during the quarter. Polar Capital Holdings Plc's holdings in Lattice Semiconductor were worth $561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. US Bancorp DE raised its position in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 29,516 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at approximately $1,324,000. Barclays PLC grew its holdings in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Insiders Place Their Bets

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 now directly owns 87,106 shares of the company's stock, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the 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 now owns 8,084 shares of the company's stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,490 shares of company stock worth $777,363. Insiders own 1.19% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded up $1.18 during trading on Thursday, reaching $47.72. The stock had a trading volume of 730,722 shares, compared to its average volume of 2,648,355. The firm's fifty day moving average is $49.84 and its 200 day moving average is $55.25. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.29. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 108.43, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its 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. The business had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Lattice Semiconductor's revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, research analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LSCC. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Raymond James reissued an "outperform" rating and set a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen boosted their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

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.