Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,719 shares of the semiconductor company’s stock after purchasing an additional 703 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lattice Semiconductor were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LSCC. Point72 Asset Management L.P. acquired a new position in Lattice Semiconductor during the third quarter worth approximately $49,297,000. Westfield Capital Management Co. LP acquired a new stake in Lattice Semiconductor during the 3rd quarter worth approximately $38,194,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after buying an additional 380,790 shares during the period. Barclays PLC lifted its position in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after buying an additional 372,301 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in Lattice Semiconductor by 1,983.6% during the third quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company’s stock valued at $9,125,000 after buying an additional 163,685 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 1,096 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 over the last 90 days. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Raymond James dropped their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday. Finally, StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $58.64 on Wednesday. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 56.93 and a beta of 1.41. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The company’s 50-day simple moving average is $57.83 and its 200-day simple moving average is $52.99.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.54 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.