WIM INVESTMENT MANAGEMENT Ltd Acquires New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,800 shares of the semiconductor company’s stock, valued at approximately $668,000. Lattice Semiconductor accounts for about 0.2% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds have also recently modified their holdings of the company. Eagle Asset Management Inc. grew its holdings in shares of Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after purchasing an additional 38,826 shares during the period. Pier Capital LLC lifted its position in Lattice Semiconductor by 114.7% in the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after buying an additional 86,276 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lattice Semiconductor in the third quarter valued at about $1,314,000. Stifel Financial Corp lifted its position in Lattice Semiconductor by 99.0% in the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after buying an additional 29,734 shares during the last quarter. Finally, US Bancorp DE lifted its position in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Benchmark increased their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock valued at $943,026 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Down 0.5 %

Shares of NASDAQ:LSCC opened at $62.31 on Wednesday. The firm’s 50 day moving average price is $59.72 and its 200 day moving average price is $55.72. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 141.62, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS 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.