Fifth Third Bancorp Purchases 369 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Fifth Third Bancorp increased its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 32.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,510 shares of the semiconductor company’s stock after buying an additional 369 shares during the quarter. Fifth Third Bancorp’s holdings in Lattice Semiconductor were worth $79,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LSCC. Empowered Funds LLC lifted its position in Lattice Semiconductor by 7.5% in the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 349 shares during the last quarter. Rhumbline Advisers lifted its position in Lattice Semiconductor by 1.9% in the fourth quarter. Rhumbline Advisers now owns 398,152 shares of the semiconductor company’s stock valued at $22,555,000 after purchasing an additional 7,610 shares during the last quarter. CIBC Asset Management Inc lifted its position in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 231 shares during the last quarter. New York State Common Retirement Fund lifted its position in Lattice Semiconductor by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 759,810 shares of the semiconductor company’s stock valued at $43,043,000 after purchasing an additional 7,421 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Lattice Semiconductor by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 39,000 shares of the semiconductor company’s stock valued at $2,209,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 1.1%

Shares of LSCC stock opened at $50.42 on Friday. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 136.27, a PEG ratio of 3.43 and a beta of 1.52. The business’s fifty day moving average is $48.02 and its 200 day moving average is $54.48. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $120.15 million for the quarter, compared to analysts’ expectations of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. Equities research analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president now directly owns 87,106 shares of the company’s stock, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now directly owns 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on LSCC shares. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research report on Tuesday, May 6th. Wall Street Zen downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, KeyCorp reduced their target price on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

Lattice Semiconductor Company 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.