Siemens Fonds Invest GmbH Purchases Shares of 21,336 Lattice Semiconductor Co. (NASDAQ:LSCC)

Siemens Fonds Invest GmbH acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,336 shares of the semiconductor company's stock, valued at approximately $1,209,000.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 163 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after acquiring an additional 190 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after buying an additional 231 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Lattice Semiconductor by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock worth $243,000 after buying an additional 274 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Lattice Semiconductor by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company's stock valued at $1,388,000 after purchasing an additional 301 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LSCC. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Robert W. Baird raised their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. TD Cowen raised their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Loop Capital dropped their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded down $1.62 during trading on Friday, reaching $44.39. The stock had a trading volume of 2,523,134 shares, compared to its average volume of 2,666,338. The business has a fifty day moving average price of $48.02 and a 200-day moving average price of $54.98. The stock has a market cap of $6.10 billion, a PE ratio of 100.89, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $76.93.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm's revenue was down 14.7% compared to the same quarter last year. Sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction 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 sale, the director now owns 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on 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 now directly owns 87,106 shares of the company's stock, valued at $4,926,715.36. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor 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.