Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 14,850 shares of the semiconductor company’s stock after purchasing an additional 488 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Lattice Semiconductor were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new stake in Lattice Semiconductor during the third quarter worth approximately $122,597,000. FMR LLC boosted its holdings in Lattice Semiconductor by 5.9% during the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after buying an additional 807,562 shares in the last quarter. Invesco Ltd. boosted its holdings in Lattice Semiconductor by 7.5% during the third quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after buying an additional 335,564 shares in the last quarter. Strs Ohio boosted its holdings in Lattice Semiconductor by 2,121.0% during the third quarter. Strs Ohio now owns 230,120 shares of the semiconductor company’s stock worth $19,774,000 after buying an additional 219,759 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Lattice Semiconductor by 286.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after buying an additional 142,543 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LSCC. Susquehanna reduced their target price on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Benchmark raised their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Finally, KeyCorp raised their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Stock Down 0.0 %

LSCC stock opened at $73.88 on Friday. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 16.68 and a beta of 1.38. The company has a 50 day moving average of $75.70 and a two-hundred day moving average of $69.08.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The company had revenue of $170.60 million during the quarter, compared to the consensus estimate of $176.15 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.