Victory Capital Management Inc. Has $1.46 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Victory Capital Management Inc. cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,809 shares of the semiconductor company's stock after selling 8,583 shares during the quarter. Victory Capital Management Inc.'s holdings in Lattice Semiconductor were worth $1,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LSCC. UMB Bank n.a. increased its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Lattice Semiconductor in the 4th quarter valued at about $38,000. Jones Financial Companies Lllp raised its holdings in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after buying an additional 370 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Lattice Semiconductor in the 4th quarter valued at about $57,000. Finally, Brooklyn Investment Group purchased a new stake in Lattice Semiconductor during the third quarter worth about $89,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock worth $943,026 in the last three months. Insiders own 1.80% of the company's stock.

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Lattice Semiconductor Stock Up 0.2 %

Lattice Semiconductor stock traded up $0.13 during trading hours on Friday, hitting $60.67. The stock had a trading volume of 2,111,231 shares, compared to its average volume of 2,292,748. The company has a 50-day moving average of $60.05 and a two-hundred day moving average of $55.89. The company has a market cap of $8.36 billion, a PE ratio of 137.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.13.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LSCC shares. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Susquehanna increased their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, February 11th. Benchmark increased their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average price target of $66.25.

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.