Eventide Asset Management LLC Acquires 138,104 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Eventide Asset Management LLC raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 695,002 shares of the semiconductor company's stock after purchasing an additional 138,104 shares during the period. Eventide Asset Management LLC owned 0.50% of Lattice Semiconductor worth $36,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Tidal Investments LLC raised its stake in Lattice Semiconductor by 10.2% in the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 308 shares during the period. Virtu Financial LLC bought a new stake in shares of Lattice Semiconductor in the first quarter valued at approximately $754,000. Swedbank AB purchased a new stake in shares of Lattice Semiconductor during the 1st quarter valued at approximately $4,186,000. DekaBank Deutsche Girozentrale raised its holdings in Lattice Semiconductor by 131.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company's stock valued at $35,265,000 after acquiring an additional 253,788 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Lattice Semiconductor by 105.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 748 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares of the company's stock, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,226 shares of company stock worth $314,838. 1.80% of the stock is currently owned by insiders.

Lattice Semiconductor Stock Up 0.8 %

NASDAQ:LSCC traded up $0.43 during midday trading on Friday, hitting $56.75. The company had a trading volume of 972,300 shares, compared to its average volume of 2,383,872. The stock's fifty day moving average price is $52.64 and its 200-day moving average price is $55.07. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The company has a market capitalization of $7.83 billion, a PE ratio of 55.10 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company's revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LSCC. TD Cowen reduced their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, November 4th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Finally, Robert W. Baird cut their price target on shares of Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.42.

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.