Proficio Capital Partners LLC Acquires Shares of 14,729 Lattice Semiconductor Co. (NASDAQ:LSCC)

Proficio Capital Partners LLC acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,729 shares of the semiconductor company’s stock, valued at approximately $834,000.

Several other hedge funds have also recently made changes to their positions in LSCC. Wealth Enhancement Advisory Services LLC raised its position in shares of Lattice Semiconductor by 40.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock valued at $337,000 after buying an additional 1,830 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $53,000. TimesSquare Capital Management LLC purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $2,674,000. Entropy Technologies LP raised its position in shares of Lattice Semiconductor by 5.6% during the 3rd quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock valued at $435,000 after buying an additional 434 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Lattice Semiconductor by 10.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after buying an additional 1,113 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Susquehanna increased their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Transactions at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, 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. Over the last three months, insiders have sold 15,836 shares of company stock valued at $1,011,570. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $63.78 on Friday. The firm has a market cap of $8.79 billion, a PE ratio of 144.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The firm’s 50 day simple moving average is $59.18 and its 200-day simple moving average is $55.02. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $84.40.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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 EPS for the current fiscal year.

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.