Teza Capital Management LLC Takes $624,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Teza Capital Management LLC bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,022 shares of the semiconductor company's stock, valued at approximately $624,000.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after buying an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 370 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $52,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred 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 now owns 87,106 shares of the company's stock, valued at $4,926,715.36. This trade represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,490 shares of company stock worth $777,363. Corporate insiders own 1.80% of the company's stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $50.46 on Tuesday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 114.68, a PEG ratio of 3.03 and a beta of 1.60. The firm has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $55.34. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced 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. The firm had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The business's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Equities analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Susquehanna upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, February 11th. 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. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Lattice Semiconductor 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.

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