Victory Capital Management Inc. Lowers Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Victory Capital Management Inc. lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,392 shares of the semiconductor company’s stock after selling 13,818 shares during the period. Victory Capital Management Inc.’s holdings in Lattice Semiconductor were worth $1,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Entropy Technologies LP grew its position in Lattice Semiconductor by 5.6% in the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 434 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $2,674,000. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at about $53,000. Harbor Capital Advisors Inc. lifted its position in Lattice Semiconductor by 323.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock worth $3,250,000 after buying an additional 46,768 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Lattice Semiconductor by 9.9% in the third quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock worth $10,745,000 after buying an additional 18,320 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LSCC shares. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, TD Cowen reduced their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $54.21 on Monday. The business’s 50 day moving average price is $52.20 and its 200-day moving average price is $55.55. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor 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.