TimesSquare Capital Management LLC Acquires New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

TimesSquare Capital Management LLC bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,391 shares of the semiconductor company's stock, valued at approximately $2,674,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 152 shares in the last quarter. Covestor Ltd raised its holdings in Lattice Semiconductor by 16.1% during the first quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company's stock valued at $150,000 after acquiring an additional 266 shares during the period. Swedbank AB raised its holdings in Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock valued at $3,120,000 after acquiring an additional 300 shares during the period. Tidal Investments LLC lifted its position in shares of Lattice Semiconductor by 10.2% in the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 308 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock worth $303,000 after acquiring an additional 394 shares during the period. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $1.97 on Monday, hitting $52.56. 2,064,060 shares of the company's stock were exchanged, compared to its average volume of 2,421,836. The business's 50 day simple moving average is $50.70 and its two-hundred day simple moving average is $56.87. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 51.00 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million during the quarter, compared to analysts' expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm's quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Equities analysts forecast that Lattice Semiconductor Co. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen dropped their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, November 4th. Raymond James decreased their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Bank of America cut shares of Lattice Semiconductor from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus upgraded shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Tuesday, September 17th. Two research 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.com, the company has an average rating of "Moderate Buy" and an average target price of $58.42.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company's stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sherri R. Luther sold 20,632 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 approximately $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 corporate insiders.

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.