KLP Kapitalforvaltning AS Purchases Shares of 28,000 Lattice Semiconductor Co. (NASDAQ:LSCC)

KLP Kapitalforvaltning AS acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,000 shares of the semiconductor company’s stock, valued at approximately $1,586,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LSCC. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 22,770 shares during the period. Algert Global LLC purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at approximately $728,000. Bank of Montreal Can grew its position in Lattice Semiconductor by 265.8% during the 3rd quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company’s stock worth $7,690,000 after purchasing an additional 104,400 shares in the last quarter. Brooklyn Investment Group purchased a new position in Lattice Semiconductor during the 3rd quarter worth approximately $89,000. Finally, Bridgewater Associates LP raised its stake in Lattice Semiconductor by 53.9% during the 3rd quarter. Bridgewater Associates LP now owns 40,808 shares of the semiconductor company’s stock valued at $2,166,000 after purchasing an additional 14,294 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. 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 quarter. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Trading Down 6.5 %

Shares of NASDAQ LSCC opened at $55.30 on Friday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 125.68, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.13. The business has a fifty day simple moving average of $60.41 and a 200 day simple moving average of $56.50.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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%. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Stifel Nicolaus boosted their target price 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. Robert W. Baird increased their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Finally, Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.