Handelsinvest Investeringsforvaltning Sells 1,646 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Handelsinvest Investeringsforvaltning decreased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 34.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,169 shares of the semiconductor company’s stock after selling 1,646 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Lattice Semiconductor were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of LSCC. Van ECK Associates Corp lifted its stake in Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 174 shares during the period. GAMMA Investing LLC purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $28,000. American National Bank purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new stake in Lattice Semiconductor in the first quarter worth about $30,000. Finally, Principal Securities Inc. purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $31,000. Institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Jefferies Financial Group reissued a “buy” rating and set a $88.00 price target (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Susquehanna increased their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research report on Tuesday, April 30th. Finally, Benchmark increased their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.09.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the transaction, the senior vice president now owns 14,554 shares in the company, valued at approximately $1,062,005.38. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the sale, the senior vice president now directly owns 14,554 shares in the company, valued at approximately $1,062,005.38. The disclosure for this sale can be found here. Insiders have sold a total of 49,566 shares of company stock worth $3,664,529 over the last 90 days. 1.19% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Stock Up 2.2 %

Shares of LSCC traded up $1.35 during mid-day trading on Wednesday, hitting $61.57. 262,737 shares of the company traded hands, compared to its average volume of 2,142,555. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The company has a market capitalization of $8.47 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 12.62 and a beta of 1.39. The business has a 50 day moving average of $67.15 and a 200 day moving average of $70.12.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal 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.