21,782 Shares of Lattice Semiconductor Corporation $LSCC Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) in the 3rd quarter, Holdings Channel reports. The firm bought 21,782 shares of the semiconductor company’s stock, valued at approximately $2,733,000.

Other hedge funds have also recently modified their holdings of the company. State of Wyoming bought a new position in Lattice Semiconductor in the second quarter worth approximately $3,155,000. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor during the 2nd quarter worth $1,884,000. Headlands Technologies LLC bought a new stake in Lattice Semiconductor during the 2nd quarter valued at $1,346,000. BlackRock Inc. bought a new stake in Lattice Semiconductor during the 2nd quarter valued at $2,637,161,000. Finally, Wasatch Advisors LP purchased a new stake in shares of Lattice Semiconductor in the 2nd quarter worth $8,443,000. Institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LSCC shares. Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Thursday, October 15th. Royal Bank Of Canada lifted their price objective on Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. KeyCorp lifted their price objective on Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group upped their price objective on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $166.82.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $105.02 on Friday. The company has a market cap of $14.94 billion, a PE ratio of 328.20, a P/E/G ratio of 1.57 and a beta of 1.90. The firm’s 50 day moving average price is $113.79 and its 200-day moving average price is $115.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 1.92. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. The company had revenue of $291.04 million during the quarter, compared to the consensus estimate of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. Lattice Semiconductor’s revenue for the quarter was up 118.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts forecast that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tracy Feanny sold 1,880 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total value of $237,688.40. Following the completion of the transaction, the senior vice president directly owned 60,221 shares of the company’s stock, valued at approximately $7,613,741.03. The trade was a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $111.83, for a total value of $228,021.37. Following the sale, the senior vice president owned 73,456 shares of the company’s stock, valued at $8,214,584.48. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,661 shares of company stock worth $2,587,259 over the last quarter. Insiders own 0.62% of the company’s stock.

Lattice Semiconductor Profile