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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of LSCC. UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $52,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Down 1.7%

Shares of NASDAQ:LSCC traded down $0.79 during midday trading on Friday, reaching $46.64. The company's stock had a trading volume of 1,874,671 shares, compared to its average volume of 2,661,434. The firm has a 50 day moving average of $49.22 and a 200-day moving average of $55.19. The firm has a market capitalization of $6.41 billion, a P/E ratio of 106.00, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.25.

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

Wall Street Analyst Weigh In

LSCC has been the subject of a number of research analyst reports. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a report on Tuesday, May 6th. Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. TD Cowen boosted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the transaction, the director now directly owns 8,084 shares of the company's stock, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated 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 directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,490 shares of company stock worth $777,363. Company insiders own 1.19% of the company's stock.

Lattice Semiconductor Company 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.