Voya Investment Management LLC Grows Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Voya Investment Management LLC lifted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 129.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 726,542 shares of the semiconductor company's stock after buying an additional 409,267 shares during the quarter. Voya Investment Management LLC owned approximately 0.53% of Lattice Semiconductor worth $41,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Price T Rowe Associates Inc. MD grew its stake in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after purchasing an additional 4,676,100 shares in the last quarter. Norges Bank bought a new position in Lattice Semiconductor in the fourth quarter worth approximately $88,674,000. TimesSquare Capital Management LLC grew its stake in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Hood River Capital Management LLC bought a new position in Lattice Semiconductor in the fourth quarter worth approximately $44,147,000. Finally, Raymond James Financial Inc. bought a new position in Lattice Semiconductor in the fourth quarter worth approximately $28,325,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Up 2.1 %

Shares of LSCC traded up $1.01 during mid-day trading on Thursday, hitting $49.94. 525,471 shares of the company traded hands, compared to its average volume of 2,541,905. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The company has a market capitalization of $6.87 billion, a PE ratio of 113.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The business has a 50 day moving average of $53.00 and a 200 day moving average of $55.39.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LSCC. Loop Capital began coverage on Lattice Semiconductor in a research note on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Benchmark increased their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Finally, KeyCorp increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.69.

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.