West Tower Group LLC Takes $283,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

West Tower Group LLC acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,000 shares of the semiconductor company’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Asset Management Inc. lifted its stake in shares of Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after purchasing an additional 38,826 shares during the period. Pier Capital LLC lifted its stake in shares of Lattice Semiconductor by 114.7% in the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at about $1,314,000. Stifel Financial Corp lifted its stake in shares of Lattice Semiconductor by 99.0% in the 3rd quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after purchasing an additional 29,734 shares during the period. Finally, US Bancorp DE increased its position in Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after buying an additional 800 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,740 shares of company stock valued at $943,026 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Down 0.5 %

LSCC stock opened at $62.31 on Wednesday. The firm has a market cap of $8.59 billion, a PE ratio of 141.62, a P/E/G ratio of 3.03 and a beta of 1.43. The business has a 50 day moving average of $59.72 and a 200-day moving average of $55.72. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last released 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 net margin of 12.00% and a return on equity of 11.22%. On average, research analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

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.