Heartland Advisors Inc. Acquires Shares of 80,262 Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Heartland Advisors Inc. purchased 80,262 shares of Lattice Semiconductor, valued at approximately $4.21 million, marking a new position for the firm in the 1st quarter.
• Institutional ownership is high, with 98.08% of Lattice Semiconductor's stock held by institutional investors, indicating strong confidence in the company.
• Analysts have given Lattice Semiconductor a consensus rating of "Moderate Buy", with price targets ranging from $50.00 to $72.00, reflecting positive outlooks despite a 14.7% year-over-year revenue decline.

Heartland Advisors Inc. bought a new position in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 80,262 shares of the semiconductor company's stock, valued at approximately $4,210,000. Heartland Advisors Inc. owned 0.06% of Lattice Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of LSCC. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Lattice Semiconductor by 1,984.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 13,984 shares of the semiconductor company's stock worth $733,000 after acquiring an additional 13,313 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Lattice Semiconductor during the 1st quarter worth about $140,000. Legato Capital Management LLC increased its stake in shares of Lattice Semiconductor by 61.8% during the 1st quarter. Legato Capital Management LLC now owns 11,647 shares of the semiconductor company's stock worth $611,000 after purchasing an additional 4,449 shares during the last quarter. Oak Thistle LLC increased its stake in shares of Lattice Semiconductor by 160.4% during the 1st quarter. Oak Thistle LLC now owns 36,968 shares of the semiconductor company's stock worth $1,939,000 after purchasing an additional 22,773 shares during the last quarter. Finally, Pier 88 Investment Partners LLC boosted its holdings in shares of Lattice Semiconductor by 129.2% during the 1st quarter. Pier 88 Investment Partners LLC now owns 19,850 shares of the semiconductor company's stock worth $1,041,000 after buying an additional 11,190 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the firm'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 transaction, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction on Monday, May 12th. The shares were 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 directly owned 87,106 shares in the company, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LSCC has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. KeyCorp dropped their target price on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark reiterated a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Loop Capital lowered their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Trading Up 1.4%

NASDAQ LSCC traded up $0.73 on Wednesday, hitting $53.80. 379,593 shares of the company were exchanged, compared to its average volume of 2,591,002. The company has a market cap of $7.40 billion, a PE ratio of 145.32, a PEG ratio of 3.62 and a beta of 1.52. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $70.55. The stock has a fifty day moving average of $50.25 and a 200-day moving average of $53.14.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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. The business had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. Lattice Semiconductor's revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

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.