SG Americas Securities LLC Increases Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

SG Americas Securities LLC boosted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 326.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,824 shares of the semiconductor company's stock after purchasing an additional 5,991 shares during the quarter. SG Americas Securities LLC's holdings in Lattice Semiconductor were worth $410,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in Lattice Semiconductor by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after acquiring an additional 231 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Lattice Semiconductor by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 39,000 shares of the semiconductor company's stock worth $2,209,000 after purchasing an additional 3,200 shares during the last quarter. K.J. Harrison & Partners Inc increased its position in shares of Lattice Semiconductor by 200.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 30,000 shares of the semiconductor company's stock worth $1,678,000 after purchasing an additional 20,000 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $834,000. Finally, Versor Investments LP purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $323,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the transaction, the senior vice president now directly owns 87,106 shares in the company, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director now directly owns 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Stock Performance

NASDAQ LSCC traded down $0.31 during trading hours on Friday, reaching $50.19. The stock had a trading volume of 1,822,195 shares, compared to its average volume of 2,631,080. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55. The stock has a fifty day moving average of $48.99 and a 200 day moving average of $54.07. The stock has a market cap of $6.90 billion, a P/E ratio of 135.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. On average, equities research analysts forecast that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Analyst Ratings Changes

LSCC has been the topic of several research analyst reports. Loop Capital dropped their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Raymond James Financial reissued an "outperform" rating and issued a $64.00 price target (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor 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.