New Age Alpha Advisors LLC Makes New $2.82 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

New Age Alpha Advisors LLC bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 49,726 shares of the semiconductor company’s stock, valued at approximately $2,817,000.

A number of other hedge funds have also made changes to their positions in LSCC. Norges Bank purchased a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $88,674,000. TimesSquare Capital Management LLC lifted 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 valued at $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at approximately $49,297,000. Raymond James Financial Inc. acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $28,325,000. Finally, Barclays PLC increased its stake in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $55.30 on Friday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $80.13. The company’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $56.60. The stock has a market capitalization of $7.61 billion, a PE ratio of 125.68, a P/E/G ratio of 3.03 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on LSCC. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. KeyCorp increased their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Stifel Nicolaus raised their price target 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. Finally, Susquehanna lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a 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 data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,740 shares of company stock valued at $943,026. Company insiders own 1.80% 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.