K.J. Harrison & Partners Inc Increases Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

K.J. Harrison & Partners Inc raised its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 200.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the semiconductor company’s stock after acquiring an additional 20,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Lattice Semiconductor were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LSCC. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $38,000. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Brooklyn Investment Group bought a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $89,000. Finally, GAMMA Investing LLC raised its holdings in shares of Lattice Semiconductor by 27.9% during the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $64.38 on Thursday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The firm’s 50-day moving average is $58.77 and its 200 day moving average is $54.29. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 146.32, a PEG ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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 return on equity of 11.22% and a net margin of 12.00%. On average, equities analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 1,096 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $57.92, for a total transaction of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,686 shares of company stock worth $479,022. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

LSCC has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. TD Cowen cut their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James decreased their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.25.

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.