US Bancorp DE Boosts Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

US Bancorp DE grew its position in Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) by 80.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,695 shares of the semiconductor company’s stock after buying an additional 3,439 shares during the period. US Bancorp DE’s holdings in Lattice Semiconductor were worth $379,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Lattice Semiconductor by 55.5% in the 2nd quarter. Parallel Advisors LLC now owns 838 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 299 shares during the period. Wipfli Financial Advisors LLC purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $43,000. CWM LLC boosted its position in shares of Lattice Semiconductor by 206.1% during the 2nd quarter. CWM LLC now owns 1,705 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 1,148 shares during the period. Fifth Third Bancorp boosted its position in shares of Lattice Semiconductor by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,850 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 320 shares during the period. Finally, Covestor Ltd boosted its position in shares of Lattice Semiconductor by 164.6% during the 1st quarter. Covestor Ltd now owns 1,495 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 930 shares during the period. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $75.22 on Tuesday. The firm has a market cap of $10.31 billion, a PE ratio of 67.77 and a beta of 1.33. Lattice Semiconductor Co. has a 52-week low of $43.41 and a 52-week high of $76.47. The company has a quick ratio of 2.23, a current ratio of 3.09 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $69.01 and its two-hundred day moving average is $59.62.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its quarterly earnings data on Monday, October 31st. The semiconductor company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Lattice Semiconductor had a net margin of 24.83% and a return on equity of 38.63%. The business had revenue of $172.51 million for the quarter, compared to analyst estimates of $166.27 million. During the same period last year, the business earned $0.20 EPS. The company’s revenue was up 30.8% on a year-over-year basis. On average, research analysts expect that Lattice Semiconductor Co. will post 1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LSCC. Benchmark lowered their price objective on shares of Lattice Semiconductor to $60.00 in a research report on Friday, November 4th. Susquehanna Bancshares increased their price objective on shares of Lattice Semiconductor from $72.00 to $75.00 in a research report on Tuesday, November 15th. William Blair reaffirmed an “outperform” rating on shares of Lattice Semiconductor in a research report on Monday, November 28th. Craig Hallum reduced their target price on shares of Lattice Semiconductor from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, November 1st. Finally, StockNews.com upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Insider Activity

In other news, SVP Glenn O’rourke sold 949 shares of the firm’s 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 sale, the senior vice president now directly owns 32,737 shares in the company, valued at approximately $1,619,826.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Robert Anderson sold 26,034 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $70.36, for a total value of $1,831,752.24. Following the transaction, the chief executive officer now directly owns 758,500 shares of the company’s stock, valued at approximately $53,368,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Glenn O’rourke sold 949 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $49.48, for a total transaction of $46,956.52. Following the completion of the transaction, the senior vice president now directly owns 32,737 shares in the company, valued at $1,619,826.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,014 shares of company stock worth $5,713,954. 1.80% of the stock is currently owned by corporate insiders.

About Lattice Semiconductor

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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.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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