Comerica Bank Has $3.15 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Comerica Bank boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 1.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 62,220 shares of the semiconductor company’s stock after acquiring an additional 789 shares during the quarter. Comerica Bank’s holdings in Lattice Semiconductor were worth $3,154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM LLC lifted its holdings in Lattice Semiconductor by 338.6% in the first quarter. CWM LLC now owns 557 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 430 shares during the period. Covestor Ltd acquired a new position in Lattice Semiconductor in the fourth quarter valued at approximately $44,000. Rockefeller Capital Management L.P. lifted its holdings in Lattice Semiconductor by 648.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 748 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 648 shares during the period. National Bank of Canada FI acquired a new position in Lattice Semiconductor in the fourth quarter valued at approximately $60,000. Finally, Point72 Hong Kong Ltd lifted its holdings in Lattice Semiconductor by 436.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,094 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 890 shares during the period. 95.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LSCC has been the topic of several analyst reports. Susquehanna upgraded shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $65.00 target price on the stock in a report on Tuesday, May 24th. Craig Hallum cut their target price on shares of Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. Cowen cut their target price on shares of Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday, May 4th. Susquehanna Bancshares upgraded shares of Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $65.00 target price on the stock in a report on Tuesday, May 24th. Finally, StockNews.com upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Insider Transactions at Lattice Semiconductor

In other news, SVP Glenn O’rourke sold 919 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $49.10, for a total transaction of $45,122.90. Following the completion of the sale, the senior vice president now owns 31,702 shares of the company’s stock, valued at $1,556,568.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lattice Semiconductor news, VP Esam Elashmawi bought 10,570 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average price of $46.95 per share, with a total value of $496,261.50. Following the completion of the transaction, the vice president now owns 166,542 shares in the company, valued at $7,819,146.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Glenn O’rourke sold 919 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $49.10, for a total transaction of $45,122.90. Following the completion of the transaction, the senior vice president now directly owns 31,702 shares of the company’s stock, valued at approximately $1,556,568.20. The disclosure for this sale can be found here. Insiders sold 255,472 shares of company stock valued at $12,533,685 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Up 3.4 %

Shares of LSCC stock opened at $58.05 on Thursday. The firm has a fifty day moving average of $49.56 and a 200-day moving average of $54.43. The company has a quick ratio of 2.30, a current ratio of 3.02 and a debt-to-equity ratio of 0.32. Lattice Semiconductor Co. has a 12-month low of $43.41 and a 12-month high of $85.45. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 72.56 and a beta of 1.13.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Lattice Semiconductor had a net margin of 20.58% and a return on equity of 29.28%. The company had revenue of $150.50 million during the quarter, compared to the consensus estimate of $146.25 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 1.18 earnings per share for the current fiscal year.

Lattice Semiconductor Company Profile

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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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.