Wealthfront Advisers LLC Takes $777,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Wealthfront Advisers LLC purchased a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the fourth quarter, HoldingsChannel reports. The firm purchased 13,708 shares of the semiconductor company’s stock, valued at approximately $777,000.

A number of other hedge funds have also recently made changes to their positions in LSCC. TimesSquare Capital Management LLC grew its holdings in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Westfield Capital Management Co. LP bought a new position in Lattice Semiconductor during the 3rd quarter worth about $38,194,000. Raymond James Financial Inc. bought a new position in Lattice Semiconductor during the 4th quarter worth about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after acquiring an additional 380,790 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Stock Up 4.8 %

Shares of Lattice Semiconductor stock opened at $60.79 on Friday. The firm has a market capitalization of $8.38 billion, a P/E 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 52 week low of $40.65 and a 52 week high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 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%. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LSCC shares. KeyCorp increased their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Benchmark raised their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,740 shares of company stock valued at $943,026. 1.19% of the stock is owned by insiders.

About Lattice Semiconductor

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.