Vanguard Group Inc. Raises Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Vanguard Group Inc. increased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,972,661 shares of the semiconductor company’s stock after purchasing an additional 26,147 shares during the period. Vanguard Group Inc. owned approximately 10.16% of Lattice Semiconductor worth $963,974,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Lattice Semiconductor by 43.5% during the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after buying an additional 1,889,110 shares in the last quarter. Norges Bank acquired a new position in Lattice Semiconductor during the fourth quarter worth $98,684,000. Artisan Partners Limited Partnership raised its position in Lattice Semiconductor by 6.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after acquiring an additional 611,550 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Lattice Semiconductor by 1,720.0% in the fourth quarter. Wellington Management Group LLP now owns 511,794 shares of the semiconductor company’s stock valued at $35,309,000 after acquiring an additional 483,673 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Lattice Semiconductor in the fourth quarter valued at $30,495,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Ratings Changes

LSCC has been the subject of a number of research analyst reports. Benchmark increased their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Robert W. Baird increased their target price on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Jefferies Financial Group restated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. Finally, Susquehanna lifted their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.09.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $58.56 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The stock has a fifty day moving average of $68.87 and a two-hundred day moving average of $70.35. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 13.06 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. On average, analysts forecast that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on 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 owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Glenn O’rourke sold 1,241 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares in the company, valued at $900,741.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,566 shares of company stock worth $3,664,529. 1.80% of the stock is owned by insiders.

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.