Vinva Investment Management Ltd Sells 18,918 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Vinva Investment Management Ltd trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) by 62.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,280 shares of the semiconductor company’s stock after selling 18,918 shares during the quarter. Vinva Investment Management Ltd’s holdings in Lattice Semiconductor were worth $800,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $26,000. Van ECK Associates Corp grew its position in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the period. Heritage Wealth Advisors purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $33,000. American National Bank purchased a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $28,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Lattice Semiconductor in the 4th quarter worth about $28,000. 98.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly 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 can be accessed through this hyperlink. In related news, CFO Sherri R. Luther sold 16,465 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the completion of the sale, the chief financial officer now directly owns 109,116 shares of the company’s stock, valued at approximately $7,854,169.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock valued at $3,664,529 in the last three months. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LSCC. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Bank of America increased their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, KeyCorp increased their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.09.

View Our Latest Analysis on Lattice Semiconductor

Lattice Semiconductor Stock Performance

NASDAQ LSCC traded down $0.80 during trading hours on Friday, reaching $60.77. The stock had a trading volume of 1,193,381 shares, compared to its average volume of 2,146,728. The stock has a fifty day moving average of $71.91 and a 200 day moving average of $70.21. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The stock has a market cap of $8.36 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 13.39 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.68 EPS for the current year.

Lattice Semiconductor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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