Raymond James Financial Inc. Acquires Shares of 500,006 Lattice Semiconductor Co. (NASDAQ:LSCC)

Raymond James Financial Inc. bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 500,006 shares of the semiconductor company’s stock, valued at approximately $28,325,000. Raymond James Financial Inc. owned approximately 0.36% of Lattice Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LSCC. UMB Bank n.a. lifted its position in Lattice Semiconductor by 67.7% in the 4th 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth $38,000. Jones Financial Companies Lllp raised its stake in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Lattice Semiconductor during the fourth quarter valued at $57,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor during the third quarter valued at $89,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LSCC shares. Benchmark boosted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp boosted their target price on shares of 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 raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last ninety days. 1.19% of the stock is currently owned by company insiders.

Lattice Semiconductor Trading Up 4.8 %

NASDAQ LSCC opened at $60.79 on Friday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $80.47. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 138.16, a PEG ratio of 3.03 and a beta of 1.43. The company’s 50 day moving average is $59.48 and its two-hundred day moving average is $55.38.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

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.