Ensign Peak Advisors Inc Reduces Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Ensign Peak Advisors Inc lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,888 shares of the semiconductor company’s stock after selling 7,930 shares during the period. Ensign Peak Advisors Inc’s holdings in Lattice Semiconductor were worth $11,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LSCC. Rise Advisors LLC acquired a new stake in Lattice Semiconductor during the first quarter worth $30,000. Principal Securities Inc. acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $31,000. West Oak Capital LLC raised its holdings in Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares during the period. GAMMA Investing LLC lifted its position in Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 333 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 1.0 %

Shares of LSCC opened at $52.31 on Tuesday. The firm’s fifty day simple moving average is $49.13 and its 200-day simple moving average is $62.41. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 33.53 and a beta of 1.38. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s quarterly revenue was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LSCC shares. TD Cowen raised shares of Lattice Semiconductor to a “strong-buy” rating in a research note on Monday, September 16th. KeyCorp decreased their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Finally, Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.08.

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.