719,694 Shares in Lattice Semiconductor Co. (NASDAQ:LSCC) Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 719,694 shares of the semiconductor company’s stock, valued at approximately $38,194,000. Westfield Capital Management Co. LP owned approximately 0.52% of Lattice Semiconductor at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American National Bank & Trust grew its position in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the period. West Oak Capital LLC lifted its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new position in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. grew its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after buying an additional 407 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Susquehanna reduced their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. KeyCorp lowered their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Finally, Robert W. Baird dropped their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.42.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Lattice Semiconductor Trading Up 3.7 %

NASDAQ:LSCC opened at $54.21 on Monday. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 52.63 and a beta of 1.39. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The business’s 50-day moving average price is $52.20 and its two-hundred day moving average price is $55.55.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

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.