Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 48.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,351 shares of the semiconductor company’s stock after acquiring an additional 11,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lattice Semiconductor were worth $2,059,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in 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 in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $38,000. Jones Financial Companies Lllp boosted its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $57,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Insider Activity

In related news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly 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. Insiders have sold 14,740 shares of company stock valued at $943,026 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of research reports. Robert W. Baird lifted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Susquehanna lifted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Up 4.8 %

LSCC stock opened at $60.79 on Monday. The stock has a market capitalization of $8.38 billion, a PE ratio of 138.16, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.47. The stock’s 50 day simple moving average is $59.48 and its 200 day simple moving average is $55.50.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

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.