Catalyst Funds Management Pty Ltd Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Catalyst Funds Management Pty Ltd cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 81.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,800 shares of the semiconductor company’s stock after selling 34,200 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Lattice Semiconductor were worth $442,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Entropy Technologies LP increased its stake in Lattice Semiconductor by 5.6% during the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 434 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Lattice Semiconductor by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock worth $618,000 after acquiring an additional 1,113 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Lattice Semiconductor by 15.3% during the 3rd quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 619 shares during the period. RiverPark Advisors LLC grew its holdings in Lattice Semiconductor by 85.0% during the 3rd quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Lattice Semiconductor by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after purchasing an additional 146,199 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $60.79 on Friday. The stock has a market capitalization of $8.38 billion, a PE ratio of 138.16, a PEG ratio of 3.03 and a beta of 1.43. The company has a 50 day moving average price of $59.48 and a 200-day moving average price of $55.44. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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%. Equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LSCC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Benchmark lifted 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. Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the 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 directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % 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 quarter. 1.19% of the stock is owned by corporate insiders.

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.