Baird Financial Group Inc. Invests $386,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Baird Financial Group Inc. acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,822 shares of the semiconductor company's stock, valued at approximately $386,000.

Several other large investors have also recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $38,000. Skandinaviska Enskilda Banken AB publ grew its position 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 buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Lattice Semiconductor by 88.1% during 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 last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at about $52,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Down 3.9%

Lattice Semiconductor stock traded down $2.07 during midday trading on Monday, hitting $50.46. The stock had a trading volume of 2,326,031 shares, compared to its average volume of 2,637,824. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29. The company has a market capitalization of $6.94 billion, a PE ratio of 114.68, a P/E/G ratio of 3.03 and a beta of 1.60. The firm's fifty day moving average is $50.44 and its two-hundred day moving average is $55.32.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Lattice Semiconductor's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director now owns 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction 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 transaction, 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. Insiders have sold a total of 15,380 shares of company stock worth $974,722 over the last quarter. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent research reports. StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen increased their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Susquehanna lifted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

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.