Norden Group LLC Raises Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Norden Group LLC boosted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) by 43.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,372 shares of the semiconductor company’s stock after buying an additional 2,232 shares during the quarter. Norden Group LLC’s holdings in Lattice Semiconductor were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LSCC. Principal Financial Group Inc. increased its holdings in Lattice Semiconductor by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 521,858 shares of the semiconductor company’s stock valued at $40,825,000 after purchasing an additional 9,735 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Lattice Semiconductor in the 1st quarter valued at $2,738,000. HMS Capital Management LLC acquired a new position in Lattice Semiconductor during the 1st quarter worth about $280,000. Louisiana State Employees Retirement System boosted its holdings in Lattice Semiconductor by 2.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 39,700 shares of the semiconductor company’s stock valued at $3,106,000 after acquiring an additional 900 shares during the period. Finally, Fifth Third Bancorp grew its position in Lattice Semiconductor by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 2,405 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 398 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Up 3.1 %

Shares of LSCC opened at $61.60 on Thursday. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The stock has a 50 day moving average price of $65.89 and a 200 day moving average price of $69.77. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 13.42 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Glenn O’rourke sold 1,241 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares of the company’s stock, valued at $900,741.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $74.54, for a total transaction of $92,504.14. Following the completion of the sale, the senior vice president now directly owns 12,084 shares of the company’s stock, valued at $900,741.36. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock worth $3,664,529 in the last quarter. 1.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Susquehanna boosted their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research note on Tuesday, April 30th. Benchmark increased their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Robert W. Baird boosted their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.09.

Check Out Our Latest Report on Lattice Semiconductor

About Lattice Semiconductor

(Free Report)

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.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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