Schonfeld Strategic Advisors LLC Sells 23,937 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Schonfeld Strategic Advisors LLC decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,828 shares of the semiconductor company's stock after selling 23,937 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Lattice Semiconductor were worth $217,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after acquiring an additional 800 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Lattice Semiconductor by 3.2% in the fourth 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 during the period. Compass Wealth Management LLC bought a new position in Lattice Semiconductor in the fourth quarter valued at about $1,324,000. Barclays PLC lifted its holdings in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares during the period. Finally, UMB Bank n.a. lifted its holdings in 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 acquiring an additional 266 shares during the period. Institutional investors own 98.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LSCC shares. Robert W. Baird increased their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research note on Tuesday, May 6th. StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Finally, Loop Capital decreased their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded up $0.28 on Friday, reaching $52.53. The company had a trading volume of 1,471,464 shares, compared to its average volume of 2,634,158. The firm's 50-day moving average price is $50.56 and its two-hundred day moving average price is $55.33. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.29. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 119.39, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same quarter in the previous year, the business earned $0.29 EPS. Lattice Semiconductor's revenue was down 14.7% compared to the same quarter last year. As a group, analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company's stock, valued at $6,412,635.87. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,380 shares of company stock worth $974,722 in the last quarter. 1.80% of the stock is owned by company insiders.

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.