Westfield Capital Management Co. LP Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 442,018 shares of the semiconductor company’s stock, valued at approximately $30,495,000. Westfield Capital Management Co. LP owned approximately 0.32% of Lattice Semiconductor at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Lattice Semiconductor by 33.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock worth $3,668,000 after acquiring an additional 10,650 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Lattice Semiconductor by 286.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after buying an additional 142,543 shares during the last quarter. Amalgamated Bank raised its stake in Lattice Semiconductor by 8.7% during the third quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock valued at $9,278,000 after buying an additional 8,603 shares during the last quarter. South Dakota Investment Council purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $1,397,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Lattice Semiconductor during the third quarter valued at $530,000. Institutional investors own 98.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The disclosure for this sale can be found here. Insiders sold a total of 78,890 shares of company stock worth $5,859,652 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded up $2.55 during trading on Friday, hitting $76.57. The company’s stock had a trading volume of 1,398,469 shares, compared to its average volume of 1,886,852. The company has a 50-day moving average of $73.72 and a 200-day moving average of $69.49. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 16.66 and a beta of 1.41. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business had revenue of $140.82 million for the quarter, compared to analysts’ expectations of $140.08 million. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several recent analyst reports. Benchmark lifted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Bank of America upped their price objective on Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Lattice Semiconductor in a research note on Friday, May 17th. KeyCorp upped their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Check Out Our Latest Stock Report on LSCC

Lattice Semiconductor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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