Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Polar Capital Holdings Plc

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

Several other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after buying an additional 4,676,100 shares during the last quarter. Norges Bank purchased a new stake in Lattice Semiconductor in the 4th quarter worth approximately $88,674,000. TimesSquare Capital Management LLC raised its position in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after acquiring an additional 1,473,154 shares during the period. Janus Henderson Group PLC raised its position in shares of Lattice Semiconductor by 740.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock worth $76,843,000 after acquiring an additional 1,195,624 shares during the period. Finally, Hood River Capital Management LLC acquired a new position in shares of Lattice Semiconductor in the fourth quarter worth about $44,147,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded down $0.10 during trading hours on Tuesday, reaching $50.36. The company had a trading volume of 2,170,963 shares, compared to its average volume of 2,641,347. The stock has a fifty day moving average of $50.28 and a 200-day moving average of $55.34. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 114.46, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.29.

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, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business's revenue was down 14.7% compared to the same quarter last year. On average, analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,490 shares of company stock worth $777,363. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of recent analyst reports. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Susquehanna increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.