Meeder Asset Management Inc. Boosts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Meeder Asset Management Inc. boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 553.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,885 shares of the semiconductor company's stock after acquiring an additional 13,454 shares during the period. Meeder Asset Management Inc.'s holdings in Lattice Semiconductor were worth $843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC boosted its position in Lattice Semiconductor by 26.8% during the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company's stock valued at $183,426,000 after purchasing an additional 668,132 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Lattice Semiconductor by 19.3% in the 2nd 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 period. Bank of New York Mellon Corp increased 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 valued at $81,582,000 after purchasing an additional 30,642 shares in the last quarter. Rokos Capital Management LLP raised its holdings in shares of Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company's stock worth $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock valued at $63,456,000 after acquiring an additional 426,511 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other 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 transaction, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LSCC shares. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. 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. 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $58.42.

Lattice Semiconductor Stock Up 4.5 %

Shares of Lattice Semiconductor stock traded up $2.17 during mid-day trading on Wednesday, reaching $50.75. 1,501,017 shares of the stock traded hands, compared to its average volume of 2,401,329. The business has a 50-day moving average of $51.72 and a 200 day moving average of $55.84. The stock has a market capitalization of $7.00 billion, a PE ratio of 47.17 and a beta of 1.39. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor's revenue was down 33.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal 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.