Congress Asset Management Co. MA Has $5.31 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Congress Asset Management Co. MA lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 60.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,005 shares of the semiconductor company’s stock after acquiring an additional 28,900 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.06% of Lattice Semiconductor worth $5,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LSCC. Robeco Schweiz AG raised its stake in shares of Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares in the last quarter. US Bancorp DE lifted its stake in Lattice Semiconductor by 458.5% in the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock valued at $1,508,000 after acquiring an additional 17,950 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after acquiring an additional 142,543 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Lattice Semiconductor by 173.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 314,331 shares of the semiconductor company’s stock worth $21,686,000 after purchasing an additional 199,393 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Lattice Semiconductor by 15.4% during the 4th quarter. Rafferty Asset Management LLC now owns 865,128 shares of the semiconductor company’s stock worth $59,685,000 after purchasing an additional 115,574 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $60.22 on Monday. The firm has a fifty day moving average price of $70.53 and a two-hundred day moving average price of $70.51. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The company has a market cap of $8.28 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 13.10 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The business had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. Analysts expect that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at approximately $7,854,169.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,566 shares of company stock worth $3,664,529. Company insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

LSCC has been the subject of a number of recent research reports. Susquehanna upped their price objective on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, April 30th. Robert W. Baird upped their price target on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Finally, Benchmark increased their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $82.09.

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.