Stephens Investment Management Group LLC Increases Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Stephens Investment Management Group LLC grew its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.7% in the 1st quarter, HoldingsChannel reports. The firm owned 491,697 shares of the semiconductor company’s stock after acquiring an additional 3,433 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Lattice Semiconductor were worth $46,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Boothbay Fund Management LLC purchased a new stake in shares of Lattice Semiconductor during the 1st quarter valued at $310,000. Ossiam purchased a new stake in Lattice Semiconductor in the 1st quarter worth about $111,000. Veritable L.P. purchased a new stake in Lattice Semiconductor in the 1st quarter worth about $254,000. Renaissance Technologies LLC purchased a new stake in Lattice Semiconductor in the 1st quarter worth about $13,380,000. Finally, 1832 Asset Management L.P. increased its holdings in Lattice Semiconductor by 707.8% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock worth $98,203,000 after acquiring an additional 901,000 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded down $0.78 during trading hours on Friday, reaching $91.66. 1,167,233 shares of the stock traded hands, compared to its average volume of 1,379,304. The company has a market capitalization of $12.63 billion, a P/E ratio of 62.78 and a beta of 1.26. The company has a quick ratio of 2.53, a current ratio of 3.75 and a debt-to-equity ratio of 0.08. Lattice Semiconductor Co. has a 52-week low of $44.53 and a 52-week high of $98.30. The company’s 50-day simple moving average is $91.73 and its two-hundred day simple moving average is $88.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $190.08 million for the quarter, compared to analysts’ expectations of $188.15 million. Lattice Semiconductor had a net margin of 28.34% and a return on equity of 43.37%. Equities research analysts forecast that Lattice Semiconductor Co. will post 1.59 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 946 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.50, for a total value of $85,613.00. Following the transaction, the senior vice president now directly owns 33,126 shares of the company’s stock, valued at approximately $2,997,903. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James Robert Anderson sold 37,812 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.13, for a total transaction of $3,483,619.56. Following the transaction, the chief executive officer now directly owns 753,889 shares of the company’s stock, valued at $69,455,793.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 946 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.50, for a total value of $85,613.00. Following the transaction, the senior vice president now directly owns 33,126 shares in the company, valued at $2,997,903. The disclosure for this sale can be found here. Insiders have sold 112,684 shares of company stock valued at $10,182,160 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LSCC. Jefferies Financial Group lifted their price objective on Lattice Semiconductor from $96.00 to $102.00 in a report on Tuesday, May 16th. TD Cowen lifted their price target on Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Susquehanna lifted their price target on Lattice Semiconductor from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Rosenblatt Securities lifted their price target on Lattice Semiconductor to $188.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Benchmark lifted their price target on Lattice Semiconductor from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.