Sciencast Management LP Buys New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sciencast Management LP bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,582 shares of the semiconductor company’s stock, valued at approximately $769,000.

Other hedge funds also recently modified their holdings of the company. Empowered Funds LLC boosted its position in Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 619 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Lattice Semiconductor in the third quarter worth $261,000. Banco Santander S.A. boosted its position in Lattice Semiconductor by 24.4% in the third quarter. Banco Santander S.A. now owns 11,990 shares of the semiconductor company’s stock worth $636,000 after purchasing an additional 2,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Lattice Semiconductor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock worth $48,287,000 after purchasing an additional 22,770 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after purchasing an additional 38,826 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,740 shares of company stock worth $943,026 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $60.67 on Friday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $80.13. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 137.89, a PEG ratio of 3.03 and a beta of 1.43. The business’s fifty day moving average is $60.05 and its 200 day moving average is $55.98.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data 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%. Equities analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LSCC has been the topic of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird boosted their target price 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 boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.