Van ECK Associates Corp Acquires 149,825 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Van ECK Associates Corp lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2,000.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 157,316 shares of the semiconductor company's stock after buying an additional 149,825 shares during the quarter. Van ECK Associates Corp owned about 0.11% of Lattice Semiconductor worth $8,912,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. increased 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 acquiring an additional 266 shares during the period. Hollencrest Capital Management bought a new position in Lattice Semiconductor during the third quarter worth about $53,000. Brooklyn Investment Group bought a new position in Lattice Semiconductor during the third quarter worth about $89,000. GAMMA Investing LLC increased its position in Lattice Semiconductor by 27.9% during the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company's stock worth $154,000 after acquiring an additional 594 shares during the period. Finally, Resonant Capital Advisors LLC bought a new position in Lattice Semiconductor during the third quarter worth about $207,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now owns 83,289 shares of the company's stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 1,096 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now directly owns 365 shares of the company's stock, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,161 shares of company stock valued at $302,140. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded down $0.78 during mid-day trading on Thursday, hitting $68.00. The stock had a trading volume of 2,551,476 shares, compared to its average volume of 2,355,242. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The business has a 50 day moving average price of $58.48 and a two-hundred day moving average price of $53.61. The firm has a market cap of $9.37 billion, a P/E ratio of 154.55, a price-to-earnings-growth ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS 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%. Equities research analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen decreased their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Benchmark raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Raymond James decreased their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.25.

Lattice Semiconductor Company 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.