Prospect Capital Advisors LLC Sells 17,800 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Prospect Capital Advisors LLC lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 18.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,100 shares of the semiconductor company's stock after selling 17,800 shares during the period. Lattice Semiconductor makes up 2.5% of Prospect Capital Advisors LLC's portfolio, making the stock its 19th biggest position. Prospect Capital Advisors LLC owned about 0.06% of Lattice Semiconductor worth $4,368,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LSCC. UMB Bank n.a. increased its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor in the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 370 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $52,000. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Down 0.4%

LSCC stock traded down $0.20 during mid-day trading on Tuesday, hitting $50.26. 535,290 shares of the company were exchanged, compared to its average volume of 2,629,542. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The stock has a market capitalization of $6.91 billion, a PE ratio of 114.26, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The business has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $55.34.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate 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 analysts' expectations of $120.09 million. During the same period last year, the firm posted $0.29 EPS. The firm's revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company's stock, valued at $7,838,755.86. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $101,242.40. Following the transaction, the senior vice president now owns 87,106 shares in the company, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,490 shares of company stock valued at $777,363. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp lowered their price target 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. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

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.