Voya Investment Management LLC Buys 409,267 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Voya Investment Management LLC grew its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 129.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,542 shares of the semiconductor company's stock after buying an additional 409,267 shares during the period. Voya Investment Management LLC owned 0.53% of Lattice Semiconductor worth $41,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Lattice Semiconductor by 57.5% during the third 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. Wilmington Savings Fund Society FSB boosted its holdings in Lattice Semiconductor by 1.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company's stock worth $2,226,000 after buying an additional 742 shares during the period. Tidal Investments LLC increased its stake in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after buying an additional 224 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Lattice Semiconductor during the third quarter valued at about $789,000. Finally, GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company's stock valued at $154,000 after acquiring an additional 594 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Stock Performance

LSCC stock traded down $0.71 during midday trading on Tuesday, reaching $48.25. 2,337,552 shares of the company traded hands, compared to its average volume of 2,562,388. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 109.66, a P/E/G ratio of 3.03 and a beta of 1.64. The business has a 50 day moving average of $53.75 and a 200-day moving average of $55.48. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp increased their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Finally, Loop Capital began coverage on shares of Lattice Semiconductor in a report on Friday, April 4th. They issued a "buy" rating and a $85.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $67.69.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is 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.