Harvest Fund Management Co. Ltd Acquires 5,154 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Harvest Fund Management Co. Ltd significantly increased its holdings in Lattice Semiconductor Corporation by 408.7% in the first quarter, owning 6,415 shares now valued at approximately $337,000.
• Several institutional investors have also boosted their stakes, with Sumitomo Mitsui Trust Group increasing their position by 8.7% and SG Americas Securities raising theirs by 326.8%.
• Lattice Semiconductor reported earnings per share of $0.22 for the last quarter, matching analysts' expectations, but revenue declined 14.7% year-over-year to $120.15 million.

Harvest Fund Management Co. Ltd raised its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 408.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,415 shares of the semiconductor company's stock after acquiring an additional 5,154 shares during the period. Harvest Fund Management Co. Ltd's holdings in Lattice Semiconductor were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new position in Lattice Semiconductor in the first quarter valued at approximately $36,000. Heartland Advisors Inc. bought a new stake in Lattice Semiconductor in the first quarter valued at approximately $4,210,000. Skandinaviska Enskilda Banken AB publ raised its stake in Lattice Semiconductor by 1,984.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 13,984 shares of the semiconductor company's stock valued at $733,000 after buying an additional 13,313 shares during the period. Neo Ivy Capital Management bought a new stake in Lattice Semiconductor in the first quarter valued at approximately $140,000. Finally, Legato Capital Management LLC raised its stake in Lattice Semiconductor by 61.8% in the first quarter. Legato Capital Management LLC now owns 11,647 shares of the semiconductor company's stock valued at $611,000 after buying an additional 4,449 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the transaction, the senior vice president owned 87,106 shares in the company, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of 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 disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $0.84 during mid-day trading on Friday, hitting $48.99. 3,197,252 shares of the stock traded hands, compared to its average volume of 1,770,197. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The company has a market cap of $6.74 billion, a PE ratio of 132.41, a price-to-earnings-growth ratio of 3.36 and a beta of 1.52. The firm has a 50 day simple moving average of $50.47 and a two-hundred day simple moving average of $53.05.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same period last year, the company earned $0.29 EPS. Lattice Semiconductor's revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen upped their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. KeyCorp lowered their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Robert W. Baird increased their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.50.

Lattice Semiconductor Company 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.