IFM Investors Pty Ltd Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

IFM Investors Pty Ltd lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,428 shares of the semiconductor company’s stock after purchasing an additional 684 shares during the period. IFM Investors Pty Ltd’s holdings in Lattice Semiconductor were worth $2,146,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in Lattice Semiconductor by 43.5% during the fourth quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock valued at $430,282,000 after purchasing an additional 1,889,110 shares during the period. Norges Bank purchased a new stake in Lattice Semiconductor in the 4th quarter worth about $98,684,000. William Blair Investment Management LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter worth about $122,597,000. FMR LLC raised its stake in Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after acquiring an additional 807,562 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Lattice Semiconductor by 6.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock valued at $658,498,000 after purchasing an additional 611,550 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on LSCC shares. Stifel Nicolaus lowered their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Susquehanna dropped their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Finally, Benchmark raised their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Price Performance

NASDAQ LSCC traded down $0.03 during trading on Friday, reaching $73.88. The company’s stock had a trading volume of 3,042,835 shares, compared to its average volume of 1,564,987. The firm has a fifty day moving average of $75.70 and a 200 day moving average of $69.08. Lattice Semiconductor Co. has a one year low of $51.96 and a one year high of $98.30. The stock has a market capitalization of $10.16 billion, a PE ratio of 39.94, a P/E/G ratio of 16.68 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. Lattice Semiconductor’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Research analysts expect that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock valued at $3,225,795 in the last quarter. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Company 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.