Raymond James Financial Inc. Takes $28.33 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Raymond James Financial Inc. purchased a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 500,006 shares of the semiconductor company's stock, valued at approximately $28,325,000. Raymond James Financial Inc. owned about 0.36% of Lattice Semiconductor as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LSCC. UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor by 67.7% in the 4th 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 bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $38,000. Jones Financial Companies Lllp lifted its stake in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $57,000. Finally, Brooklyn Investment Group bought a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $89,000. Institutional investors own 98.08% of the company's stock.

Insider Activity

In other news, Director Robin Ann Abrams sold 10,000 shares of the 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 transaction, the director now directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,740 shares of company stock valued at $943,026 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Remove Ads

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded down $0.30 during midday trading on Tuesday, hitting $62.31. The company had a trading volume of 2,057,671 shares, compared to its average volume of 2,291,023. The stock has a market capitalization of $8.59 billion, a P/E ratio of 141.62, a P/E/G ratio of 3.03 and a beta of 1.43. The company has a 50 day moving average of $59.58 and a 200 day moving average of $55.61. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data 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 net margin of 12.00% and a return on equity of 11.22%. Equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Benchmark upped their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus upped their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.25.

About Lattice Semiconductor

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.