Raymond James & Associates Purchases 2,888 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Raymond James & Associates lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,462 shares of the semiconductor company’s stock after acquiring an additional 2,888 shares during the period. Raymond James & Associates’ holdings in Lattice Semiconductor were worth $2,483,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Woodline Partners LP raised its position in shares of Lattice Semiconductor by 1,267.7% in the 2nd quarter. Woodline Partners LP now owns 204,820 shares of the semiconductor company’s stock worth $9,934,000 after acquiring an additional 189,844 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Lattice Semiconductor during the 2nd quarter valued at about $882,000. Principal Financial Group Inc. grew its stake in Lattice Semiconductor by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 546,103 shares of the semiconductor company’s stock valued at $26,486,000 after purchasing an additional 69,088 shares during the last quarter. Millennium Management LLC grew its stake in Lattice Semiconductor by 453.3% during the 2nd quarter. Millennium Management LLC now owns 1,329,526 shares of the semiconductor company’s stock valued at $64,482,000 after purchasing an additional 1,089,216 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in Lattice Semiconductor by 159.3% during the 2nd quarter. Verition Fund Management LLC now owns 13,422 shares of the semiconductor company’s stock valued at $651,000 after purchasing an additional 8,245 shares during the last quarter. 97.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LSCC. Benchmark dropped their price target on Lattice Semiconductor to $60.00 in a research note on Friday, November 4th. StockNews.com started coverage on Lattice Semiconductor in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Susquehanna Bancshares upped their target price on Lattice Semiconductor from $72.00 to $75.00 in a research note on Tuesday, November 15th. Susquehanna upped their target price on Lattice Semiconductor from $72.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, November 15th. Finally, William Blair reiterated an “outperform” rating on shares of Lattice Semiconductor in a research report on Monday, November 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Insider Transactions at Lattice Semiconductor

In other news, Director Mark Edwin Jensen sold 9,000 shares of the firm’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $64.55, for a total transaction of $580,950.00. Following the completion of the transaction, the director now directly owns 97,841 shares in the company, valued at $6,315,636.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark Edwin Jensen sold 9,000 shares of Lattice Semiconductor stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $64.55, for a total value of $580,950.00. Following the completion of the transaction, the director now directly owns 97,841 shares in the company, valued at $6,315,636.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Glenn O’rourke sold 949 shares of Lattice Semiconductor stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $49.48, for a total value of $46,956.52. Following the completion of the transaction, the senior vice president now owns 32,737 shares of the company’s stock, valued at $1,619,826.76. The disclosure for this sale can be found here. Insiders sold a total of 87,014 shares of company stock worth $5,713,954 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $72.48 on Friday. Lattice Semiconductor Co. has a 12 month low of $43.41 and a 12 month high of $76.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.23. The stock has a market capitalization of $9.93 billion, a P/E ratio of 65.30 and a beta of 1.33. The business has a 50 day simple moving average of $68.79 and a two-hundred day simple moving average of $59.34.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its quarterly earnings data on Monday, October 31st. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $172.51 million during the quarter, compared to analyst estimates of $166.27 million. Lattice Semiconductor had a return on equity of 38.63% and a net margin of 24.83%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, analysts predict that Lattice Semiconductor Co. will post 1.37 EPS for the current fiscal year.

Lattice Semiconductor Profile

(Get Rating)

Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.