Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,437 shares of the semiconductor company’s stock after purchasing an additional 820 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lattice Semiconductor were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $26,000. UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor by 100.7% in the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Larson Financial Group LLC acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $29,000. Heritage Wealth Advisors acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $33,000. Finally, NBC Securities Inc. acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $50,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Up 5.3 %

Lattice Semiconductor stock opened at $71.58 on Thursday. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 15.34 and a beta of 1.38. The company has a fifty day simple moving average of $75.70 and a 200-day simple moving average of $69.09.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock valued at $3,225,795 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LSCC has been the subject of several analyst reports. Benchmark boosted their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Susquehanna cut their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.