Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 398,152 shares of the semiconductor company’s stock after acquiring an additional 7,610 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Lattice Semiconductor worth $22,555,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Stephens Investment Management Group LLC raised its stake in Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after purchasing an additional 142,005 shares during the last quarter. Eagle Asset Management Inc. raised its position in Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after purchasing an additional 38,826 shares in the last quarter. Pier Capital LLC raised its position in shares of Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after acquiring an additional 86,276 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth about $1,314,000. Finally, Harbor Capital Advisors Inc. increased its position in Lattice Semiconductor by 323.3% during the third quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock worth $3,250,000 after buying an additional 46,768 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $68.00 on Friday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The firm has a 50-day moving average of $58.59 and a 200-day moving average of $53.71. The stock has a market cap of $9.37 billion, a PE ratio of 154.55, a PEG ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Benchmark upped their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Susquehanna upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,051 shares of company stock worth $499,498. Corporate insiders own 1.80% 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.