Sora Investors LLC Buys New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sora Investors LLC bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 349,524 shares of the semiconductor company's stock, valued at approximately $19,801,000. Lattice Semiconductor makes up about 2.2% of Sora Investors LLC's investment portfolio, making the stock its 14th biggest position. Sora Investors LLC owned about 0.25% of Lattice Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after purchasing an additional 163 shares in the last quarter. Lindbrook Capital LLC raised its stake in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 190 shares in the last quarter. CIBC Asset Management Inc raised its stake in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. raised its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Lattice Semiconductor by 6.8% during the fourth quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock worth $243,000 after acquiring an additional 274 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction 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 sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,680 shares of company stock worth $938,301 over the last quarter. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on LSCC. Benchmark reissued a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Susquehanna lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. Stifel Nicolaus lifted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $52.25 on Friday. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29. The stock 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 company's 50 day moving average price is $50.56 and its 200-day moving average price is $55.33.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. During the same quarter last year, the business earned $0.29 earnings per share. The business's revenue was down 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 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.

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