Banco Santander S.A. Raises Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Banco Santander S.A. raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 24.4% in the third quarter, Holdings Channel.com reports. The fund owned 11,990 shares of the semiconductor company’s stock after buying an additional 2,352 shares during the quarter. Banco Santander S.A.’s holdings in Lattice Semiconductor were worth $636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd increased its position in Lattice Semiconductor by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,000 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,000 shares in the last quarter. Bessemer Group Inc. grew its stake in Lattice Semiconductor by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock worth $115,000 after buying an additional 152 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Lattice Semiconductor by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 100,484 shares of the semiconductor company’s stock worth $7,860,000 after acquiring an additional 2,045 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of Lattice Semiconductor in the 1st quarter valued at $481,000. Finally, Tidal Investments LLC lifted its holdings in shares of Lattice Semiconductor by 10.2% during the 1st 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. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. TD Cowen dropped their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday, November 4th. Susquehanna dropped their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Up 3.7 %

Shares of Lattice Semiconductor stock opened at $54.21 on Friday. The business has a 50-day moving average price of $52.01 and a 200 day moving average price of $55.78. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm has a market cap of $7.48 billion, a P/E ratio of 52.63 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

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.