Sphera Management Technology Funds Ltd Buys Shares of 20,000 Lattice Semiconductor Co. (NASDAQ:LSCC)

Sphera Management Technology Funds Ltd acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,000 shares of the semiconductor company's stock, valued at approximately $1,133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its position in shares of Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after purchasing an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lattice Semiconductor by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock worth $53,217,000 after purchasing an additional 29,516 shares during the last quarter. Compass Wealth Management LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $1,324,000. Barclays PLC increased its position in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

NASDAQ LSCC traded down $0.79 on Friday, reaching $46.64. The stock had a trading volume of 1,874,671 shares, compared to its average volume of 2,656,382. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.25. The business's 50-day moving average price is $49.54 and its 200 day moving average price is $55.22. The stock has a market cap of $6.41 billion, a P/E ratio of 106.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of recent analyst reports. Benchmark reissued a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Susquehanna lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. TD Cowen lifted their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Robert W. Baird lifted their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research 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 company's stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Insider Buying and Selling

In related news, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now owns 122,538 shares of the company's stock, valued at $7,838,755.86. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company'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 in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,490 shares of company stock valued at $777,363 over the last quarter. Company insiders own 1.19% of the company's stock.

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.