Swiss National Bank Reduces Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Swiss National Bank decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 431,000 shares of the semiconductor company's stock after selling 11,800 shares during the period. Swiss National Bank owned about 0.31% of Lattice Semiconductor worth $29,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company's stock valued at $25,000 after buying an additional 174 shares during the period. RiverPark Advisors LLC boosted its stake in shares of Lattice Semiconductor by 31.2% during the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company's stock valued at $57,000 after buying an additional 195 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Lattice Semiconductor by 7.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company's stock valued at $245,000 after buying an additional 200 shares during the period. State of Michigan Retirement System boosted its stake in shares of Lattice Semiconductor by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company's stock valued at $2,288,000 after buying an additional 200 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in shares of Lattice Semiconductor by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company's stock valued at $4,457,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Bank of America raised their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a "neutral" rating in a report on Tuesday, April 30th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Tuesday, April 30th. Susquehanna raised their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a "positive" rating in a report on Tuesday, April 30th. Finally, Needham & Company LLC raised their price target on shares of Lattice Semiconductor from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus price target of $83.36.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction dated Monday, February 26th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 in the last ninety days. Insiders own 1.80% of the company's stock.

Lattice Semiconductor Trading Up 1.1 %

LSCC traded up $0.73 during trading on Thursday, hitting $70.09. The stock had a trading volume of 1,140,018 shares, compared to its average volume of 2,142,902. The firm has a market cap of $9.64 billion, a PE ratio of 44.93, a P/E/G ratio of 14.78 and a beta of 1.41. The company has a 50 day simple moving average of $75.09 and a 200-day simple moving average of $68.68. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.71 earnings per share for the current fiscal year.

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.