New York Life Investment Management LLC Grows Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

New York Life Investment Management LLC lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,880 shares of the semiconductor company’s stock after purchasing an additional 942 shares during the quarter. New York Life Investment Management LLC’s holdings in Lattice Semiconductor were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. William Blair Investment Management LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $122,597,000. FMR LLC raised its holdings in Lattice Semiconductor by 5.9% in the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after buying an additional 807,562 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Lattice Semiconductor by 7.5% in the third quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after buying an additional 335,564 shares in the last quarter. Strs Ohio increased its position in shares of Lattice Semiconductor by 2,121.0% during the third quarter. Strs Ohio now owns 230,120 shares of the semiconductor company’s stock valued at $19,774,000 after acquiring an additional 219,759 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Lattice Semiconductor by 286.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after acquiring an additional 142,543 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent analyst reports. Needham & Company LLC increased their target price on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Robert W. Baird increased their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Bank of America boosted their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Benchmark raised their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.36.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Trading Up 0.9 %

Shares of LSCC stock opened at $71.80 on Wednesday. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The stock has a market cap of $9.88 billion, a P/E ratio of 46.03, a P/E/G ratio of 14.78 and a beta of 1.41. The company has a 50 day simple moving average of $75.30 and a two-hundred day simple moving average of $68.67.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. Lattice Semiconductor’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.71 earnings per share for the current year.

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.