Fox Run Management L.L.C. Invests $679,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Fox Run Management L.L.C. bought a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,987 shares of the semiconductor company’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in shares of Lattice Semiconductor in the 4th quarter worth about $1,586,000. Virtu Financial LLC bought a new stake in Lattice Semiconductor in the fourth quarter worth approximately $255,000. Sciencast Management LP acquired a new position in Lattice Semiconductor in the fourth quarter valued at approximately $769,000. Harvest Fund Management Co. Ltd bought a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $69,000. Finally, WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth approximately $668,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity at Lattice Semiconductor

In other 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 transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on LSCC. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Stifel Nicolaus boosted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $63.40 on Tuesday. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $80.13. The firm has a 50-day moving average price of $60.21 and a two-hundred day moving average price of $56.21. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 144.09, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current 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.