Pacer Advisors Inc. Buys 5,384 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Pacer Advisors Inc. lifted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 11.6% during the 4th quarter, Holdings Channel reports. The firm owned 51,712 shares of the semiconductor company’s stock after acquiring an additional 5,384 shares during the period. Pacer Advisors Inc.’s holdings in Lattice Semiconductor were worth $2,929,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LSCC. UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the fourth 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 last quarter. American National Bank & Trust raised its position in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the last quarter. Hollencrest Capital Management purchased a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $53,000. Brooklyn Investment Group bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth approximately $89,000. Finally, GAMMA Investing LLC increased its stake in shares of Lattice Semiconductor by 257.8% during the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 1,534 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor 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 completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s 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 transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Price Performance

LSCC opened at $57.02 on Friday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock has a 50-day moving average price of $58.12 and a 200-day moving average price of $53.19. The firm has a market cap of $7.87 billion, a PE ratio of 55.36 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LSCC. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Needham & Company LLC lifted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. KeyCorp lifted their price objective on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, TD Cowen decreased their target price 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. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $64.58.

Lattice Semiconductor 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.