TimesSquare Capital Management LLC Boosts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

TimesSquare Capital Management LLC increased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2,923.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,523,545 shares of the semiconductor company’s stock after buying an additional 1,473,154 shares during the period. Lattice Semiconductor accounts for about 1.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 19th largest holding. TimesSquare Capital Management LLC owned 1.10% of Lattice Semiconductor worth $86,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in Lattice Semiconductor by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 759,810 shares of the semiconductor company’s stock valued at $43,043,000 after purchasing an additional 7,421 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 231 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in Lattice Semiconductor during the 4th quarter valued at $211,000. Peregrine Investment Management Inc. purchased a new stake in Lattice Semiconductor during the 4th quarter valued at $7,689,000. Finally, Rhumbline Advisers boosted its stake in Lattice Semiconductor by 1.9% during the 4th quarter. Rhumbline Advisers now owns 398,152 shares of the semiconductor company’s stock valued at $22,555,000 after purchasing an additional 7,610 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LSCC. Deutsche Bank Aktiengesellschaft cut their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Finally, Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $67.29 on Wednesday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock’s fifty day moving average is $58.21 and its 200 day moving average is $53.35. The stock has a market cap of $9.28 billion, a P/E ratio of 152.94, a P/E/G ratio of 3.86 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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 11.22% and a net margin of 12.00%. Analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,635 shares of company stock worth $377,108. Corporate insiders own 1.19% of the company’s stock.

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.