Siemens Fonds Invest GmbH Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Siemens Fonds Invest GmbH acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,336 shares of the semiconductor company's stock, valued at approximately $1,209,000.

Several other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $224,000. Sora Investors LLC purchased a new stake in shares of Lattice Semiconductor in the 4th quarter valued at $19,801,000. Point72 Asset Management L.P. boosted its holdings in shares of Lattice Semiconductor by 3.0% in the 4th quarter. Point72 Asset Management L.P. now owns 956,626 shares of the semiconductor company's stock valued at $54,193,000 after acquiring an additional 27,713 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Lattice Semiconductor in the fourth quarter worth $5,353,000. Finally, ProShare Advisors LLC raised its holdings in shares of Lattice Semiconductor by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company's stock worth $1,388,000 after purchasing an additional 301 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were 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 $420,610.52. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the company'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 value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company's stock, valued at $7,838,755.86. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,490 shares of company stock valued at $777,363. Corporate insiders own 1.19% of the company's stock.

Lattice Semiconductor Trading Up 2.7%

NASDAQ:LSCC traded up $1.24 during trading hours on Thursday, reaching $47.78. 960,646 shares of the company were exchanged, compared to its average volume of 2,839,278. The stock's 50-day moving average is $49.84 and its 200-day moving average is $55.25. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.29. The firm has a market cap of $6.57 billion, a PE ratio of 108.57, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced 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. The company had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm's quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

LSCC has been the topic of several recent research reports. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Susquehanna raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Raymond James reissued an "outperform" rating and issued a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

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.