Kodai Capital Management LP Makes New $23.84 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Kodai Capital Management LP purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 345,582 shares of the semiconductor company’s stock, valued at approximately $23,842,000.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. RiverPark Advisors LLC raised its stake in shares of Lattice Semiconductor by 31.2% in the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 195 shares during the period. State of Michigan Retirement System raised its stake in shares of Lattice Semiconductor by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock valued at $2,288,000 after acquiring an additional 200 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock valued at $4,457,000 after acquiring an additional 230 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Lattice Semiconductor by 19.8% in the 3rd quarter. Covestor Ltd now owns 1,576 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LSCC. Robert W. Baird boosted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Jefferies Financial Group restated a “buy” rating and issued a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Benchmark upped their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Susquehanna raised their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Lattice Semiconductor Trading Down 1.9 %

NASDAQ LSCC traded down $1.19 on Tuesday, hitting $61.55. 3,862,113 shares of the stock traded hands, compared to its average volume of 2,161,100. The stock has a 50-day moving average of $73.23 and a 200 day moving average of $70.28. Lattice Semiconductor Co. has a twelve month low of $51.96 and a twelve month high of $98.30. The company has a market capitalization of $8.47 billion, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 16.15 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. As a group, equities research analysts expect that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Glenn O’rourke sold 1,241 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the transaction, the senior vice president now owns 12,084 shares in the company, valued at approximately $900,741.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Sherri R. Luther sold 16,465 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at approximately $7,854,169.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Glenn O’rourke sold 1,241 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the transaction, the senior vice president now owns 12,084 shares of the company’s stock, valued at approximately $900,741.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,566 shares of company stock worth $3,664,529. 1.19% of the stock is currently owned by insiders.

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.