Proficio Capital Partners LLC Invests $834,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Proficio Capital Partners LLC bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,729 shares of the semiconductor company’s stock, valued at approximately $834,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $38,000. Jones Financial Companies Lllp lifted its position in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after buying an additional 370 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Lattice Semiconductor during the 4th quarter worth about $57,000. Finally, Brooklyn Investment Group acquired a new position in Lattice Semiconductor during the 3rd quarter worth about $89,000. Institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LSCC. KeyCorp upped their price target 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. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Finally, Robert W. Baird upped their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $60.67 on Friday. The firm’s 50 day simple moving average is $60.05 and its 200 day simple moving average is $55.98. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.13. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 137.89, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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 expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

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.