Westfield Capital Management Co. LP Purchases Shares of 719,694 Lattice Semiconductor Co. (NASDAQ:LSCC)

Westfield Capital Management Co. LP acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 719,694 shares of the semiconductor company’s stock, valued at approximately $38,194,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American National Bank & Trust increased its holdings in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the last quarter. West Oak Capital LLC grew its position in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 550 shares during the period. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $53,000. Blue Trust Inc. raised its holdings in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 407 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LSCC shares. TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, September 17th. KeyCorp reduced their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James reduced 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. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $54.21 on Monday. The stock’s fifty day moving average price is $52.20 and its two-hundred day moving average price is $55.55. The firm has a market cap of $7.48 billion, a PE ratio of 52.63 and a beta of 1.39. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the business earned $0.41 earnings per share. Lattice Semiconductor’s revenue was down 33.9% on a year-over-year basis. Sell-side analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

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.