Migdal Insurance & Financial Holdings Ltd. Increases Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,327 shares of the semiconductor company’s stock after buying an additional 317 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Lattice Semiconductor were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in Lattice Semiconductor during the third quarter valued at $122,597,000. Norges Bank purchased a new position in Lattice Semiconductor during the fourth quarter valued at $87,617,000. 1832 Asset Management L.P. lifted its holdings in Lattice Semiconductor by 707.8% during the first quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock valued at $98,203,000 after purchasing an additional 901,000 shares in the last quarter. FMR LLC lifted its holdings in Lattice Semiconductor by 5.9% during the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after purchasing an additional 807,562 shares in the last quarter. Finally, Robeco Schweiz AG lifted its holdings in Lattice Semiconductor by 96.0% during the first quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock valued at $93,314,000 after purchasing an additional 750,000 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 over the last three months. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Trading Down 2.2 %

Lattice Semiconductor stock opened at $68.69 on Friday. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The stock has a market cap of $9.45 billion, a P/E ratio of 37.13, a PEG ratio of 15.85 and a beta of 1.38. The company has a 50-day moving average price of $76.04 and a 200 day moving average price of $69.53.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same period last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LSCC. KeyCorp increased their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Susquehanna reduced their target price on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research report on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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.