Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 73.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,923 shares of the semiconductor company’s stock after buying an additional 29,172 shares during the period. Pacer Advisors Inc. owned approximately 0.05% of Lattice Semiconductor worth $3,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC increased its stake in Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock valued at $183,426,000 after buying an additional 668,132 shares during the period. Robeco Schweiz AG raised its holdings in Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Lattice Semiconductor by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after purchasing an additional 30,642 shares during the period. Rokos Capital Management LLP lifted its position in Lattice Semiconductor by 1,592.8% in the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after purchasing an additional 1,141,230 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Raymond James upgraded shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Thursday, August 8th. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $52.27 on Wednesday. The company has a 50 day simple moving average of $48.92 and a 200-day simple moving average of $62.21. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $87.64. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 33.51 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period last year, the business earned $0.40 EPS. The company’s quarterly revenue was down 34.7% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Profile

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.