Van ECK Associates Corp Boosts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Van ECK Associates Corp lifted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2,000.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,316 shares of the semiconductor company’s stock after purchasing an additional 149,825 shares during the quarter. Van ECK Associates Corp owned 0.11% of Lattice Semiconductor worth $8,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Values First Advisors Inc. boosted its holdings in shares of Lattice Semiconductor by 84.4% in the 4th quarter. Values First Advisors Inc. now owns 8,957 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 4,100 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Lattice Semiconductor by 12.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company’s stock worth $49,759,000 after purchasing an additional 98,096 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Lattice Semiconductor by 7.5% in the 4th quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 349 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lattice Semiconductor by 4.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,719 shares of the semiconductor company’s stock worth $947,000 after purchasing an additional 703 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Lattice Semiconductor by 13.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,007 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 1,064 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

LSCC opened at $64.42 on Monday. The business has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $53.23. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 62.54 and a beta of 1.41. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. As a group, sell-side analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on LSCC. Raymond James cut their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Transactions at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,635 shares of company stock valued at $377,108. Corporate insiders own 1.80% of the company’s stock.

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.