King Luther Capital Management Corp Sells 18,000 Shares of Lattice Semiconductor Corp (NASDAQ:LSCC)

King Luther Capital Management Corp cut its holdings in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,000 shares of the semiconductor company’s stock after selling 18,000 shares during the period. King Luther Capital Management Corp’s holdings in Lattice Semiconductor were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LSCC. Bank of New York Mellon Corp raised its position in shares of Lattice Semiconductor by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 496,871 shares of the semiconductor company’s stock worth $3,975,000 after acquiring an additional 8,920 shares during the last quarter. Rhumbline Advisers raised its position in shares of Lattice Semiconductor by 52.4% during the fourth quarter. Rhumbline Advisers now owns 156,333 shares of the semiconductor company’s stock worth $1,082,000 after acquiring an additional 53,766 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Lattice Semiconductor by 8.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 118,615 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 9,184 shares in the last quarter. Tygh Capital Management Inc. increased its holdings in Lattice Semiconductor by 4.1% in the fourth quarter. Tygh Capital Management Inc. now owns 852,708 shares of the semiconductor company’s stock worth $5,901,000 after purchasing an additional 33,950 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Lattice Semiconductor by 107.3% in the fourth quarter. Victory Capital Management Inc. now owns 762,430 shares of the semiconductor company’s stock worth $5,276,000 after purchasing an additional 394,570 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LSCC traded up $0.61 during midday trading on Monday, hitting $15.20. 1,781,100 shares of the stock traded hands, compared to its average volume of 1,877,358. The company has a market capitalization of $1.93 billion, a P/E ratio of 69.09, a PEG ratio of 3.03 and a beta of 1.37. Lattice Semiconductor Corp has a one year low of $5.38 and a one year high of $15.37. The company’s 50 day moving average is $13.47. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The company had revenue of $98.09 million for the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. Research analysts predict that Lattice Semiconductor Corp will post 0.39 earnings per share for the current fiscal year.

In other Lattice Semiconductor news, VP Esam Elashmawi acquired 5,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $12.17 per share, with a total value of $60,850.00. Following the completion of the transaction, the vice president now owns 25,000 shares in the company, valued at $304,250. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Byron Wayne Milstead sold 3,632 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $12.14, for a total value of $44,092.48. Following the completion of the transaction, the vice president now directly owns 12,385 shares in the company, valued at approximately $150,353.90. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

A number of brokerages have weighed in on LSCC. BidaskClub upgraded Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Cowen reiterated an “outperform” rating and issued a $18.00 target price (up from $16.00) on shares of Lattice Semiconductor in a report on Tuesday, June 11th. Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Friday, May 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $14.50 target price on shares of Lattice Semiconductor in a report on Monday, April 29th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $12.39.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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