West Tower Group LLC Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

West Tower Group LLC acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the semiconductor company's stock, valued at approximately $283,000.

A number of other institutional investors have also made changes to their positions in the stock. TimesSquare Capital Management LLC grew its position in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth approximately $49,297,000. Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $38,194,000. Raymond James Financial Inc. bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company's stock valued at $26,535,000 after purchasing an additional 380,790 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded up $0.13 during trading hours on Friday, reaching $60.67. The company had a trading volume of 2,111,231 shares, compared to its average volume of 2,297,586. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $80.13. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 137.89, a P/E/G ratio of 3.03 and a beta of 1.43. The company has a 50 day moving average of $60.05 and a 200 day moving average of $55.98.

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Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSCC. Benchmark increased their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Susquehanna lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $66.25.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,740 shares of company stock worth $943,026. Company insiders own 1.80% of the company's stock.

About Lattice Semiconductor

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.