Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 872.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,292 shares of the semiconductor company's stock after purchasing an additional 11,925 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Lattice Semiconductor were worth $748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LSCC. UMB Bank n.a. grew its position in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ raised its position in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 370 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $57,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC traded up $0.54 on Monday, reaching $39.57. The company's stock had a trading volume of 6,770,274 shares, compared to its average volume of 2,455,489. The company has a 50-day simple moving average of $58.97 and a 200 day simple moving average of $56.55. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The company has a market cap of $5.45 billion, a P/E ratio of 89.93, a PEG ratio of 3.03 and a beta of 1.64.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on LSCC shares. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Susquehanna boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, KeyCorp raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.69.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

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.