Stephens Investment Management Group LLC Grows Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Stephens Investment Management Group LLC grew its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 22.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 780,271 shares of the semiconductor company's stock after purchasing an additional 142,005 shares during the period. Stephens Investment Management Group LLC owned about 0.57% of Lattice Semiconductor worth $41,409,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSCC. American National Bank & Trust grew its holdings in shares of Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 709 shares in the last quarter. West Oak Capital LLC lifted its stake in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 550 shares during the last quarter. Blue Trust Inc. lifted its stake in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 748 shares during the last quarter. Davidson Capital Management Inc. purchased a new position in Lattice Semiconductor in the first quarter valued at approximately $78,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 407 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Up 3.2 %

Shares of NASDAQ:LSCC traded up $1.61 on Friday, reaching $52.27. 2,076,804 shares of the company traded hands, compared to its average volume of 2,368,446. The business's 50-day simple moving average is $49.97 and its 200 day simple moving average is $57.76. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a market capitalization of $7.20 billion, a P/E ratio of 37.25 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The firm had revenue of $124.08 million for the quarter, compared to analysts' expectations of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business's revenue for the quarter was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. Sell-side analysts expect that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 0.00 % 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 1,232 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company's stock, valued at $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSCC. Susquehanna dropped their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a "positive" rating on the stock in a research note on Tuesday, July 30th. KeyCorp dropped their target price on Lattice Semiconductor from $85.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 30th. Benchmark restated a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Monday, September 16th. StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, August 3rd. Finally, Bank of America downgraded Lattice Semiconductor from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $83.00 to $47.00 in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.08.

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.