IFM Investors Pty Ltd Purchases 684 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

IFM Investors Pty Ltd boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,428 shares of the semiconductor company’s stock after acquiring an additional 684 shares during the period. IFM Investors Pty Ltd’s holdings in Lattice Semiconductor were worth $2,146,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LSCC. Van ECK Associates Corp lifted its position in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 100.7% in the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 154 shares during the period. Headlands Technologies LLC bought a new position in Lattice Semiconductor in the third quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in Lattice Semiconductor in the fourth quarter valued at approximately $28,000. Finally, American National Bank acquired a new stake in Lattice Semiconductor during the 4th quarter worth $28,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC stock traded down $0.03 during mid-day trading on Friday, hitting $73.88. 3,042,835 shares of the company were exchanged, compared to its average volume of 1,564,987. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The firm’s 50 day simple moving average is $75.70 and its 200 day simple moving average is $69.08. The firm has a market cap of $10.16 billion, a P/E ratio of 39.94, a P/E/G ratio of 16.68 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LSCC shares. Needham & Company LLC restated a “buy” rating and issued a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. KeyCorp raised their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Susquehanna decreased their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock valued at $3,225,795 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.