Assenagon Asset Management S.A. Acquires 42,503 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Assenagon Asset Management S.A. increased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 770.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,019 shares of the semiconductor company's stock after acquiring an additional 42,503 shares during the period. Assenagon Asset Management S.A.'s holdings in Lattice Semiconductor were worth $3,313,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LSCC. Skandinaviska Enskilda Banken AB publ boosted its position in Lattice Semiconductor by 33.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company's stock valued at $3,668,000 after buying an additional 10,650 shares during the period. Amalgamated Bank grew its stake in Lattice Semiconductor by 8.7% in the third quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company's stock worth $9,278,000 after purchasing an additional 8,603 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Lattice Semiconductor during the 3rd quarter worth $530,000. Townsquare Capital LLC bought a new stake in Lattice Semiconductor during the 3rd quarter valued at $1,540,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Lattice Semiconductor by 35.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,222 shares of the semiconductor company's stock worth $1,136,000 after buying an additional 3,445 shares during the period. Hedge funds and other institutional investors own 98.08% of the company's stock.

Analyst Upgrades and Downgrades

LSCC has been the topic of several recent research reports. Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Susquehanna cut their price objective on shares of Lattice Semiconductor from $80.00 to $78.00 and set a "positive" rating on the stock in a report on Tuesday, February 13th. Needham & Company LLC reissued a "buy" rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. KeyCorp increased their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus reduced their price target on Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares of the company's stock, valued at $9,281,394.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders have sold 53,065 shares of company stock worth $3,840,806 over the last quarter. 1.19% of the stock is currently owned by company insiders.

Lattice Semiconductor Price Performance

Shares of LSCC traded up $0.60 during mid-day trading on Wednesday, reaching $75.11. The stock had a trading volume of 1,352,081 shares, compared to its average volume of 2,239,171. The business's fifty day moving average is $73.55 and its 200 day moving average is $70.19. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 40.60, a P/E/G ratio of 17.59 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business's revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS 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.