MetLife Investment Advisors LLC Reduces Stake in Lattice Semiconductor Corp (NASDAQ:LSCC)

MetLife Investment Advisors LLC lessened its position in Lattice Semiconductor Corp (NASDAQ:LSCC) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,469 shares of the semiconductor company’s stock after selling 7,561 shares during the period. MetLife Investment Advisors LLC’s holdings in Lattice Semiconductor were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LSCC. Pearl River Capital LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth $27,000. Meeder Asset Management Inc. grew its stake in Lattice Semiconductor by 157.3% in the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 3,091 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $72,000. Bank of Montreal Can boosted its position in shares of Lattice Semiconductor by 226.5% during the first quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 4,231 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Lattice Semiconductor in the fourth quarter worth $81,000. 90.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:LSCC traded down $0.21 during trading on Thursday, hitting $16.18. The stock had a trading volume of 2,206,217 shares, compared to its average volume of 1,885,920. Lattice Semiconductor Corp has a 12 month low of $5.38 and a 12 month high of $17.07. The company has a market cap of $2.14 billion, a P/E ratio of 73.55, a PEG ratio of 3.36 and a beta of 1.36. The company has a fifty day moving average of $14.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06.

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 consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The firm had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities analysts expect that Lattice Semiconductor Corp will post 0.39 earnings per share for the current fiscal year.

In other Lattice Semiconductor news, VP Byron Wayne Milstead sold 3,632 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $12.14, for a total transaction of $44,092.48. Following the sale, the vice president now directly owns 12,385 shares in the company, valued at approximately $150,353.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Esam Elashmawi bought 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, for a total transaction of $60,850.00. Following the completion of the purchase, the vice president now owns 25,000 shares in the company, valued at approximately $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is owned by company insiders.

Several research analysts have weighed in on LSCC shares. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Lattice Semiconductor in a research report on Monday, May 20th. Cowen cut their price objective on TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 11th. Zacks Investment Research lowered Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $12.39.

Lattice Semiconductor 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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