Rhumbline Advisers Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Rhumbline Advisers boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 398,152 shares of the semiconductor company’s stock after purchasing an additional 7,610 shares during the period. Rhumbline Advisers’ holdings in Lattice Semiconductor were worth $22,555,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LSCC. UMB Bank n.a. boosted its holdings in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the third quarter worth about $53,000. Brooklyn Investment Group purchased a new position in Lattice Semiconductor during the third quarter worth approximately $89,000. GAMMA Investing LLC increased its holdings in shares of Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 594 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Lattice Semiconductor by 218.5% during the third quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 2,511 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $68.00 on Friday. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 154.55, a PEG ratio of 4.03 and a beta of 1.41. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The stock’s 50 day moving average price is $58.59 and its 200 day moving average price is $53.71.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $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 a total of 8,051 shares of company stock valued at $499,498 over the last quarter. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Robert W. Baird raised their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. KeyCorp lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

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.