Raymond James Financial Inc. Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Raymond James Financial Inc. bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 500,006 shares of the semiconductor company's stock, valued at approximately $28,325,000. Raymond James Financial Inc. owned approximately 0.36% of Lattice Semiconductor at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $57,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company's stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Trading Up 6.4 %

NASDAQ:LSCC traded up $2.70 during trading hours on Wednesday, hitting $44.94. The company had a trading volume of 616,337 shares, compared to its average volume of 2,559,311. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.85. The company has a 50-day moving average of $55.23 and a 200 day moving average of $55.57. The company has a market cap of $6.18 billion, a P/E ratio of 102.14, a P/E/G ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Susquehanna boosted 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. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Loop Capital started coverage on shares of Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.69.

Lattice Semiconductor 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.