Goldman Sachs Group Inc. Has $61.10 Million Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Goldman Sachs Group Inc. grew its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 885,576 shares of the semiconductor company’s stock after purchasing an additional 62,320 shares during the period. Goldman Sachs Group Inc. owned about 0.64% of Lattice Semiconductor worth $61,096,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. RiverPark Advisors LLC increased its holdings in shares of Lattice Semiconductor by 31.2% during the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 195 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Lattice Semiconductor by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock valued at $2,288,000 after acquiring an additional 200 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after acquiring an additional 230 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Lattice Semiconductor by 19.8% during the 3rd quarter. Covestor Ltd now owns 1,576 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 261 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $60.03 on Wednesday. The stock has a 50 day moving average of $69.87 and a two-hundred day moving average of $70.52. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The company has a market capitalization of $8.26 billion, a P/E ratio of 38.48, a P/E/G ratio of 13.10 and a beta of 1.44.

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

Insider Buying and Selling

In related news, 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 transaction of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were 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 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. Insiders sold 49,566 shares of company stock worth $3,664,529 in the last 90 days. 1.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Susquehanna increased their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday, April 30th. Bank of America increased their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Robert W. Baird increased their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Benchmark increased their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $82.09.

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.