Kayne Anderson Rudnick Investment Management LLC Trims Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 413,674 shares of the semiconductor company’s stock after selling 15,265 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.30% of Lattice Semiconductor worth $23,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Lattice Semiconductor during the first quarter worth about $30,000. Principal Securities Inc. purchased a new stake in Lattice Semiconductor in the 4th quarter worth approximately $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 acquiring an additional 550 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Lattice Semiconductor by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 333 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

LSCC has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Thursday, August 8th. Susquehanna decreased their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, September 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.08.

Lattice Semiconductor Stock Down 2.7 %

Lattice Semiconductor stock opened at $52.82 on Friday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 33.86 and a beta of 1.38. The firm has a fifty day moving average of $49.28 and a 200-day moving average of $62.76. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% compared to the same quarter last year. On average, research analysts expect that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

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.