Napean Trading & Investment Co Singapore PTE Ltd Has $4.26 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Napean Trading & Investment Co Singapore PTE Ltd boosted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,171 shares of the semiconductor company’s stock after purchasing an additional 29,356 shares during the quarter. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Lattice Semiconductor were worth $4,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after purchasing an additional 229,820 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Lattice Semiconductor in the 4th quarter worth $679,000. KLP Kapitalforvaltning AS acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at about $1,586,000. Virtu Financial LLC bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $255,000. Finally, Sciencast Management LP purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $769,000. Institutional investors own 98.08% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The sale 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 on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, 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. Insiders have sold a total of 14,740 shares of company stock worth $943,026 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Trading Up 0.2 %

Shares of LSCC opened at $60.67 on Monday. The stock’s 50 day moving average is $60.05 and its two-hundred day moving average is $56.07. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $80.13. The firm has a market capitalization of $8.36 billion, a PE ratio of 137.89, a P/E/G ratio of 3.03 and a beta of 1.43.

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 net margin of 12.00% and a return on equity of 11.22%. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LSCC shares. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Susquehanna upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Benchmark raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.25.

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.