Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,351 shares of the semiconductor company's stock after acquiring an additional 11,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Lattice Semiconductor were worth $2,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LSCC. Oppenheimer Asset Management Inc. grew its holdings in shares of Lattice Semiconductor by 10.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company's stock worth $618,000 after purchasing an additional 1,113 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lattice Semiconductor by 15.3% during the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company's stock worth $247,000 after purchasing an additional 619 shares in the last quarter. RiverPark Advisors LLC grew its holdings in shares of Lattice Semiconductor by 85.0% during the third quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 1,966 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Lattice Semiconductor by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company's stock worth $41,493,000 after purchasing an additional 146,199 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Lattice Semiconductor during the third quarter worth about $730,000. 98.08% of the stock is currently owned by institutional investors.

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Lattice Semiconductor Trading Down 2.9 %

NASDAQ:LSCC traded down $1.79 during midday trading on Thursday, hitting $60.54. 1,029,084 shares of the company traded hands, compared to its average volume of 2,287,675. The firm's fifty day moving average is $59.85 and its 200-day moving average is $55.77. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.47. The firm has a market capitalization of $8.34 billion, a P/E ratio of 137.59, 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 analysts' consensus estimates 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, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LSCC has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird upped their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Susquehanna boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction dated 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 directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is owned by insiders.

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.