Park Avenue Securities LLC Boosts Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Park Avenue Securities LLC increased its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,360 shares of the semiconductor company’s stock after purchasing an additional 520 shares during the period. Park Avenue Securities LLC’s holdings in Lattice Semiconductor were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Artisan Partners Limited Partnership boosted its stake in shares of Lattice Semiconductor by 6.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after acquiring an additional 611,550 shares during the last quarter. Franklin Resources Inc. boosted its stake in Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after purchasing an additional 1,889,110 shares during the last quarter. Robeco Schweiz AG grew its holdings in shares of Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after buying an additional 132,000 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Lattice Semiconductor by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock valued at $126,703,000 after buying an additional 107,100 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth about $98,684,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction that occurred 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 $57,037,564.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the sale, the chief financial officer now owns 109,116 shares in the company, valued at approximately $7,854,169.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction dated 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 a total of 49,566 shares of company stock valued at $3,664,529 in the last three months. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $57.99 on Friday. The firm has a market cap of $7.98 billion, a P/E ratio of 37.17, a P/E/G ratio of 12.40 and a beta of 1.44. The firm’s 50 day moving average price is $67.47 and its 200-day moving average price is $70.23. Lattice Semiconductor Co. has a one year low of $51.96 and a one year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS 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 company had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. As a group, research analysts predict that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LSCC shares. Bank of America raised their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Jefferies Financial Group restated a “buy” rating and issued a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Benchmark boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price 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.