Prospect Capital Advisors LLC Lowers Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Prospect Capital Advisors LLC lowered its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,100 shares of the semiconductor company’s stock after selling 17,800 shares during the quarter. Lattice Semiconductor accounts for about 2.5% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 19th largest position. Prospect Capital Advisors LLC’s holdings in Lattice Semiconductor were worth $4,368,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the last quarter. Norges Bank bought a new stake in Lattice Semiconductor in the fourth quarter worth $88,674,000. TimesSquare Capital Management LLC increased its position in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Janus Henderson Group PLC increased its position in Lattice Semiconductor by 740.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock worth $76,843,000 after purchasing an additional 1,195,624 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in Lattice Semiconductor in the fourth quarter worth $44,147,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $54.90 on Thursday. The company has a market cap of $7.55 billion, a P/E ratio of 124.78, a P/E/G ratio of 3.03 and a beta of 1.60. The stock has a 50-day moving average of $50.92 and a two-hundred day moving average of $55.34. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $120.09 million. During the same period in the previous year, the company posted $0.29 EPS. Lattice Semiconductor’s revenue was down 14.7% compared to the same quarter last year. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the business’s 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 completion of the sale, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,680 shares of company stock worth $938,301 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on LSCC shares. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.15.

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.