Proficio Capital Partners LLC Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Proficio Capital Partners LLC acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,729 shares of the semiconductor company's stock, valued at approximately $834,000.

A number of other institutional investors have also recently bought and sold shares of LSCC. Tidal Investments LLC increased its position in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after purchasing an additional 224 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. raised its position in Lattice Semiconductor by 67.7% during 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 in the last quarter. HighTower Advisors LLC lifted its stake in Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company's stock valued at $267,000 after acquiring an additional 348 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Lattice Semiconductor by 7.5% in the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company's stock worth $284,000 after acquiring an additional 349 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on LSCC. Susquehanna raised their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, February 11th. KeyCorp raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird increased their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.25.

Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company's stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded down $2.31 during midday trading on Wednesday, hitting $60.45. The company had a trading volume of 1,603,481 shares, compared to its average volume of 2,291,353. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $80.13. The business's 50 day simple moving average is $60.35 and its two-hundred day simple moving average is $56.36. The stock has a market cap of $8.33 billion, a PE ratio of 137.39, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (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, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 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.