Sora Investors LLC Buys Shares of 349,524 Lattice Semiconductor Co. (NASDAQ:LSCC)

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

Other large investors have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Oak Thistle LLC acquired a new position in Lattice Semiconductor in the 4th quarter valued at about $804,000. Park Avenue Securities LLC grew its stake in shares of Lattice Semiconductor by 19.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company's stock valued at $279,000 after buying an additional 796 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Lattice Semiconductor by 31.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company's stock valued at $1,928,000 after buying an additional 8,171 shares during the period. Finally, UMB Bank n.a. grew its position in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded down $2.87 during midday trading on Wednesday, hitting $47.49. The company had a trading volume of 1,954,037 shares, compared to its average volume of 2,638,907. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 108.00, a PEG ratio of 3.03 and a beta of 1.60. The company's 50 day simple moving average is $50.28 and its 200 day simple moving average is $55.34. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29.

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

Insider Buying and Selling

In related news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated 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 directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. This represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,490 shares of company stock valued at $777,363. Corporate insiders own 1.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LSCC shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Susquehanna lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, February 11th. Stifel Nicolaus upped their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Raymond James reissued an "outperform" rating and set a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average target price 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.