Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 553.4% in the third quarter, HoldingsChannel reports. The fund owned 15,885 shares of the semiconductor company’s stock after purchasing an additional 13,454 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lattice Semiconductor were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. American National Bank & Trust raised its holdings in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC increased its position in shares of Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth $53,000. Blue Trust Inc. lifted its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 407 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James lowered their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Susquehanna lowered 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. KeyCorp cut their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird reduced their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Stock Down 3.1 %

Shares of Lattice Semiconductor stock opened at $48.58 on Wednesday. The stock has a market cap of $6.70 billion, a PE ratio of 47.17 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The business has a fifty day simple moving average of $51.60 and a 200-day simple moving average of $56.00.

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

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.