Bridges Investment Management Inc. Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bridges Investment Management Inc. acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,194 shares of the semiconductor company’s stock, valued at approximately $475,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of Lattice Semiconductor in the fourth quarter worth $31,000. Dimensional Fund Advisors LP grew its position in Lattice Semiconductor by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock valued at $47,054,000 after buying an additional 25,849 shares in the last quarter. Norges Bank acquired a new position in Lattice Semiconductor during the 4th quarter valued at about $98,684,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $409,000. Finally, UBS Group AG lifted its stake in shares of Lattice Semiconductor by 60.2% in the 4th quarter. UBS Group AG now owns 240,638 shares of the semiconductor company’s stock worth $16,602,000 after acquiring an additional 90,434 shares during the period. 98.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, July 30th. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

Lattice Semiconductor Price Performance

LSCC stock opened at $52.82 on Friday. The company’s 50 day simple moving average is $49.28 and its 200-day simple moving average is $62.76. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $87.64. The firm has a market capitalization of $7.27 billion, a P/E ratio of 33.86 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same quarter in the previous year, the company earned $0.40 EPS. Lattice Semiconductor’s revenue for the quarter was down 34.7% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The disclosure for this sale can be found here. 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.