Norges Bank Buys Shares of 1,565,291 Lattice Semiconductor Co. (NASDAQ:LSCC)

Norges Bank purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,565,291 shares of the semiconductor company's stock, valued at approximately $88,674,000. Norges Bank owned 1.13% of Lattice Semiconductor at the end of the most recent quarter.

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

Lattice Semiconductor Stock Up 1.4 %

LSCC stock traded up $0.54 during mid-day trading on Monday, reaching $39.57. 6,770,274 shares of the company traded hands, compared to its average volume of 2,455,489. The firm's 50 day moving average price is $58.97 and its 200 day moving average price is $56.55. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 89.93, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two 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 analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Pravin Desale sold 2,890 shares of the firm'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 sale, the senior vice president now directly owns 93,903 shares of the company's stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at $7,838,755.86. This trade represents a 7.55 % 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 corporate insiders.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. KeyCorp increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Loop Capital started coverage on shares of Lattice Semiconductor in a research note on Friday. They set a "buy" rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.69.

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.