LMR Partners LLP Has $15.51 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

LMR Partners LLP increased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 1,890.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,754 shares of the semiconductor company's stock after acquiring an additional 260,000 shares during the period. LMR Partners LLP owned about 0.20% of Lattice Semiconductor worth $15,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LSCC. UMB Bank n.a. grew 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 purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ lifted its position in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after buying an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Lattice Semiconductor by 88.1% during the 4th 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 last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Lattice Semiconductor during the 4th quarter worth about $52,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Down 4.8%

Shares of LSCC stock traded down $2.65 on Thursday, reaching $52.25. The stock had a trading volume of 2,879,427 shares, compared to its average volume of 2,634,618. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.29. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 118.75, a P/E/G ratio of 3.03 and a beta of 1.60. The firm's 50-day moving average is $50.56 and its two-hundred day moving average is $55.33.

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

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,680 shares of company stock valued at $938,301 in the last quarter. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Stifel Nicolaus boosted their price objective 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. Susquehanna upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, February 11th. Benchmark reissued a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, KeyCorp dropped their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

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.