Penserra Capital Management LLC Purchases 164,422 Shares of Lattice Semiconductor Corporation $LSCC

Penserra Capital Management LLC boosted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 43.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 543,548 shares of the semiconductor company’s stock after acquiring an additional 164,422 shares during the period. Penserra Capital Management LLC owned 0.40% of Lattice Semiconductor worth $39,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its stake in shares of Lattice Semiconductor by 6.4% in the third quarter. Bridges Investment Management Inc. now owns 25,139 shares of the semiconductor company’s stock worth $1,843,000 after purchasing an additional 1,517 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Lattice Semiconductor by 21.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 210,852 shares of the semiconductor company’s stock valued at $15,460,000 after acquiring an additional 36,638 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of Lattice Semiconductor during the third quarter worth $212,000. Bryn Mawr Trust Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 7.5% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 4,918 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 341 shares during the period. Finally, AlphaQuest LLC grew its position in shares of Lattice Semiconductor by 71.1% in the third quarter. AlphaQuest LLC now owns 6,513 shares of the semiconductor company’s stock valued at $478,000 after purchasing an additional 2,707 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $81.44 on Wednesday. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $89.92. The stock has a market cap of $11.14 billion, a P/E ratio of 407.22, a price-to-earnings-growth ratio of 3.59 and a beta of 1.70. The firm’s fifty day moving average price is $78.75 and its 200-day moving average price is $70.24.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Lattice Semiconductor had a net margin of 5.50% and a return on equity of 4.73%. The company had revenue of $133.35 million during the quarter, compared to analyst estimates of $133.03 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CAO Tonya Stevens sold 2,593 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $66.75, for a total value of $173,082.75. Following the completion of the sale, the chief accounting officer owned 74,505 shares of the company’s stock, valued at $4,973,208.75. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ford Tamer purchased 10,000 shares of Lattice Semiconductor stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $61.95 per share, for a total transaction of $619,500.00. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares of the company’s stock, valued at approximately $619,500. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,105 shares of company stock worth $1,369,590. 1.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LSCC has been the topic of a number of recent research reports. Raymond James Financial reissued an “outperform” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, November 4th. Royal Bank Of Canada initiated coverage on shares of Lattice Semiconductor in a report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of Lattice Semiconductor and gave the company a “buy” rating in a research report on Tuesday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Lattice Semiconductor in a report on Tuesday, November 4th. Finally, Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $81.62.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.