Skandinaviska Enskilda Banken AB publ Purchases 13,313 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 1,984.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,984 shares of the semiconductor company's stock after purchasing an additional 13,313 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Lattice Semiconductor were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its position in Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after buying an additional 478,440 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after acquiring an additional 4,676,100 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after acquiring an additional 74,655 shares during the period. Capital Research Global Investors boosted its holdings in shares of Lattice Semiconductor by 10.6% in the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock valued at $127,944,000 after acquiring an additional 216,617 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Lattice Semiconductor by 18.1% in the 4th quarter. Bank of America Corp DE now owns 1,727,479 shares of the semiconductor company's stock worth $97,862,000 after acquiring an additional 264,703 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president directly owned 87,106 shares of the company's stock, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and issued a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Loop Capital reduced their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Rosenblatt Securities reissued a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, KeyCorp dropped their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $64.50.

Lattice Semiconductor Stock Down 1.7%

LSCC stock traded down $0.84 during trading on Friday, reaching $48.99. 3,197,252 shares of the company's stock were exchanged, compared to its average volume of 1,770,197. The firm has a market cap of $6.74 billion, a PE ratio of 132.41, a P/E/G ratio of 3.36 and a beta of 1.52. The company's fifty day moving average price is $50.47 and its 200-day moving average price is $53.05. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55.

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 analysts' consensus estimates of $0.22. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. Lattice Semiconductor's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. As a group, sell-side analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

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.