KLP Kapitalforvaltning AS Acquires Shares of 28,000 Lattice Semiconductor Co. (NASDAQ:LSCC)

KLP Kapitalforvaltning AS bought a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,000 shares of the semiconductor company's stock, valued at approximately $1,586,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSCC. TimesSquare Capital Management LLC raised its stake in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after acquiring an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Raymond James Financial Inc. acquired a new stake in Lattice Semiconductor in the 4th quarter valued at about $28,325,000. Barclays PLC raised its position in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Lattice Semiconductor by 1,983.6% in the 3rd quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company's stock valued at $9,125,000 after buying an additional 163,685 shares during the period. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insider Activity

In other news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now directly owns 83,289 shares of the company's stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,740 shares of company stock valued at $943,026. Insiders own 1.80% of the company's stock.

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Analyst Upgrades and Downgrades

LSCC has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Finally, KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $66.25.

Lattice Semiconductor Stock Down 3.2 %

LSCC traded down $1.70 during trading on Wednesday, hitting $51.22. 3,357,394 shares of the stock were exchanged, compared to its average volume of 2,379,420. The firm has a market capitalization of $7.05 billion, a P/E ratio of 116.41, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $78.85. The stock has a fifty day moving average price of $59.98 and a two-hundred day moving average price of $56.76.

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

Lattice Semiconductor 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.