TimesSquare Capital Management LLC Has $86.31 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

TimesSquare Capital Management LLC increased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2,923.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,523,545 shares of the semiconductor company's stock after buying an additional 1,473,154 shares during the quarter. Lattice Semiconductor makes up 1.3% of TimesSquare Capital Management LLC's holdings, making the stock its 19th biggest position. TimesSquare Capital Management LLC owned about 1.10% of Lattice Semiconductor worth $86,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC lifted its position in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock valued at $592,000 after buying an additional 224 shares during the last quarter. CIBC Asset Management Inc boosted its position in Lattice Semiconductor by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after purchasing an additional 231 shares during the period. UMB Bank n.a. boosted 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 worth $37,000 after purchasing an additional 266 shares during the period. HighTower Advisors LLC raised its position in shares of 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 purchasing an additional 348 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Lattice Semiconductor by 7.5% during the 4th quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company's stock worth $284,000 after buying an additional 349 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $1.25 during trading hours on Friday, hitting $66.75. 2,427,297 shares of the stock were exchanged, compared to its average volume of 2,651,723. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market cap of $9.20 billion, a PE ratio of 151.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41. The company's fifty day simple moving average is $58.59 and its two-hundred day simple moving average is $53.71.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued 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 net margin of 12.00% and a return on equity of 11.22%. As a group, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,051 shares of company stock worth $499,498. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on LSCC shares. Susquehanna increased 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. Rosenblatt Securities reiterated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. TD Cowen decreased their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, KeyCorp lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average target price 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.