Tower Research Capital LLC TRC Has $1.17 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Tower Research Capital LLC TRC boosted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 485.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,577 shares of the semiconductor company's stock after purchasing an additional 17,064 shares during the period. Tower Research Capital LLC TRC's holdings in Lattice Semiconductor were worth $1,166,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Lattice Semiconductor during the 4th quarter valued at $88,674,000. TimesSquare Capital Management LLC lifted its stake in shares of Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $28,325,000. Barclays PLC grew its stake 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 buying an additional 372,301 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

LSCC stock traded down $0.35 on Wednesday, reaching $47.90. The company's stock had a trading volume of 317,286 shares, compared to its average volume of 2,553,549. The company has a market capitalization of $6.59 billion, a P/E ratio of 108.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.85. The firm has a fifty day moving average of $53.35 and a two-hundred day moving average of $55.43.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

LSCC has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Susquehanna boosted their price objective 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 objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Benchmark boosted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average price target of $67.69.

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.