Caitong International Asset Management Co. Ltd Raises Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Caitong International Asset Management Co. Ltd significantly increased its holdings in Lattice Semiconductor, raising its position by 1,843.4% during Q1, and now owns 7,171 shares valued at $376,000.
• Multiple institutional investors have also increased their stakes in Lattice Semiconductor, with 98.08% of the company's stock now held by institutional investors and hedge funds.
• Several research firms have set new price targets for Lattice Semiconductor, with a consensus rating of "Moderate Buy" and an average price target of $63.58.

Caitong International Asset Management Co. Ltd boosted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 1,843.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,171 shares of the semiconductor company's stock after acquiring an additional 6,802 shares during the quarter. Caitong International Asset Management Co. Ltd's holdings in Lattice Semiconductor were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LSCC. Russell Investments Group Ltd. boosted its stake in Lattice Semiconductor by 40.7% during the 1st quarter. Russell Investments Group Ltd. now owns 11,506 shares of the semiconductor company's stock valued at $604,000 after purchasing an additional 3,329 shares during the period. Prudential PLC boosted its holdings in Lattice Semiconductor by 2.1% in the 1st quarter. Prudential PLC now owns 9,199 shares of the semiconductor company's stock valued at $482,000 after purchasing an additional 187 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Lattice Semiconductor by 104.7% during the 1st quarter. HighTower Advisors LLC now owns 14,094 shares of the semiconductor company's stock worth $739,000 after acquiring an additional 7,208 shares during the period. Nuveen LLC acquired a new stake in Lattice Semiconductor in the 1st quarter valued at about $25,906,000. Finally, Virtu Financial LLC grew its position in shares of Lattice Semiconductor by 461.6% during the 1st quarter. Virtu Financial LLC now owns 25,300 shares of the semiconductor company's stock worth $1,327,000 after buying an additional 20,795 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on LSCC. Raymond James Financial reaffirmed an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen reduced their price objective on shares of Lattice Semiconductor from $62.00 to $57.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.58.

Lattice Semiconductor Trading Up 4.5%

Lattice Semiconductor stock opened at $63.33 on Wednesday. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The company has a market cap of $8.67 billion, a PE ratio of 275.36, a PEG ratio of 4.45 and a beta of 1.52. The company's 50-day moving average is $52.19 and its two-hundred day moving average is $53.02.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $123.97 million during the quarter, compared to analysts' expectations of $123.60 million. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The firm's revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. Research analysts forecast that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Insiders Place Their Bets

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 transaction of $36,421.00. Following the transaction, the director owned 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.19% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.