UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 37.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,565,987 shares of the semiconductor company's stock after buying an additional 425,199 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.14% of Lattice Semiconductor worth $88,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. lifted its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor in the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ increased its position 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 acquiring an additional 340 shares during the period. Jones Financial Companies Lllp lifted its holdings in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after buying an additional 370 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insider Activity

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the 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 completion of the transaction, the senior vice president now owns 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the director now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

LSCC has been the topic of several research reports. Wall Street Zen cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James reiterated an "outperform" rating and set a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $1.71 during trading on Friday, hitting $44.30. 392,723 shares of the company were exchanged, compared to its average volume of 2,651,970. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.21. The company has a fifty day moving average price of $48.37 and a 200-day moving average price of $55.03. The firm has a market capitalization of $6.09 billion, a PE ratio of 101.51, a P/E/G ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 last year, the firm earned $0.29 earnings per share. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

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.