Eventide Asset Management LLC Purchases 138,104 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Eventide Asset Management LLC raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 24.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 695,002 shares of the semiconductor company’s stock after purchasing an additional 138,104 shares during the quarter. Eventide Asset Management LLC’s holdings in Lattice Semiconductor were worth $36,884,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its position in Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the last quarter. Swedbank AB bought a new stake in shares of Lattice Semiconductor in the 1st quarter worth about $4,186,000. Stephens Investment Management Group LLC raised its position in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares in the last quarter. Marshall Financial Group LLC bought a new position in shares of Lattice Semiconductor in the 2nd quarter valued at about $721,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Lattice Semiconductor by 280.3% in the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after acquiring an additional 13,236 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value 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. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock worth $314,838 over the last three months. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $56.32 on Friday. The firm’s 50 day simple moving average is $52.57 and its 200-day simple moving average is $55.28. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The firm has a market cap of $7.77 billion, a PE ratio of 54.68 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period last year, the business posted $0.41 EPS. Lattice Semiconductor’s quarterly revenue was down 33.9% on a year-over-year basis. Equities research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LSCC shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Raymond James dropped their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Robert W. Baird dropped their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Susquehanna dropped their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

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.