KP Management LLC Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

KP Management LLC acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the third quarter, HoldingsChannel.com reports. The fund acquired 30,000 shares of the semiconductor company’s stock, valued at approximately $1,592,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares during the period. Norden Group LLC raised its position in shares of Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after purchasing an additional 61,478 shares during the period. Swedbank AB acquired a new stake in shares of Lattice Semiconductor during the 1st quarter worth about $4,186,000. BNP Paribas Financial Markets boosted its holdings in shares of Lattice Semiconductor by 28.9% during the 1st quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company’s stock worth $45,956,000 after buying an additional 131,881 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Lattice Semiconductor by 21.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,605 shares of the semiconductor company’s stock valued at $12,763,000 after buying an additional 28,041 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Up 1.3 %

Shares of Lattice Semiconductor stock opened at $55.04 on Monday. The company has a market cap of $7.57 billion, a PE ratio of 34.83 and a beta of 1.39. The company has a 50 day moving average of $49.56 and a 200-day moving average of $58.27. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was down 34.7% on a year-over-year basis. Research analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LSCC. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. KeyCorp decreased their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor 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.