Skandinaviska Enskilda Banken AB publ Boosts Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 102.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 671 shares of the semiconductor company’s stock after buying an additional 340 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Lattice Semiconductor were worth $38,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock worth $81,000 after buying an additional 190 shares in the last quarter. Tidal Investments LLC increased its stake in Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after buying an additional 224 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 231 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Lattice Semiconductor by 6.8% during the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 274 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,740 shares of company stock worth $943,026 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $62.31 on Wednesday. The business’s 50 day moving average price is $59.72 and its 200 day moving average price is $55.72. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.47. The stock has a market capitalization of $8.59 billion, a PE ratio of 141.62, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last released 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, equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LSCC shares. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Benchmark boosted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

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.