Hancock Whitney Corp Reduces Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Hancock Whitney Corp cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 71.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,224 shares of the semiconductor company’s stock after selling 20,857 shares during the period. Hancock Whitney Corp’s holdings in Lattice Semiconductor were worth $436,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor during the third quarter valued at $38,194,000. William Blair Investment Management LLC boosted its position in Lattice Semiconductor by 26.8% during the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Clearbridge Investments LLC grew its stake in Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Lattice Semiconductor by 131.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock valued at $35,265,000 after acquiring an additional 253,788 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

LSCC stock opened at $56.32 on Thursday. The firm has a market cap of $7.77 billion, a P/E ratio of 54.68 and a beta of 1.39. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $55.27.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, September 17th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird cut their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.42.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,226 shares of company stock valued at $314,838 in the last ninety days. Corporate insiders own 1.19% of the company’s stock.

Lattice Semiconductor 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.