Janus Henderson Group PLC Raises Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Janus Henderson Group PLC raised its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 80.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,495 shares of the semiconductor company's stock after acquiring an additional 72,244 shares during the period. Janus Henderson Group PLC owned about 0.12% of Lattice Semiconductor worth $8,571,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock worth $183,426,000 after purchasing an additional 668,132 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock worth $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Lattice Semiconductor by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company's stock worth $81,582,000 after purchasing an additional 30,642 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock worth $63,456,000 after purchasing an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Lattice Semiconductor by 5.8% in the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company's stock worth $60,923,000 after purchasing an additional 57,234 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LSCC has been the subject of several recent research reports. Stifel Nicolaus raised shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research note on Tuesday, September 17th. Raymond James decreased their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. KeyCorp decreased their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research 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 stock has an average rating of "Moderate Buy" and an average price target of $58.42.

Lattice Semiconductor Trading Up 4.9 %

LSCC traded up $2.81 during midday trading on Monday, reaching $60.48. The company's stock had a trading volume of 2,181,609 shares, compared to its average volume of 2,373,963. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 58.72 and a beta of 1.42. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock's 50-day moving average is $53.34 and its 200-day moving average is $54.31.

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

Insiders Place Their Bets

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 shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company's stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm'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 transaction of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company's stock, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,076 shares of company stock valued at $421,990. Insiders own 1.19% 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.