Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 166.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,528 shares of the semiconductor company’s stock after buying an additional 6,573 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lattice Semiconductor were worth $1,323,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in LSCC. Reyes Financial Architecture Inc. bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth $37,000. Burkett Financial Services LLC bought a new position in Lattice Semiconductor in the third quarter valued at $38,000. Meeder Asset Management Inc. bought a new position in Lattice Semiconductor in the second quarter valued at $46,000. Danske Bank A S purchased a new stake in Lattice Semiconductor during the second quarter valued at about $46,000. Finally, Versant Capital Management Inc raised its position in Lattice Semiconductor by 53.5% during the second quarter. Versant Capital Management Inc now owns 531 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
Lattice Semiconductor stock opened at $105.02 on Friday. The company has a quick ratio of 2.33, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14.94 billion, a PE ratio of 328.20, a P/E/G ratio of 1.57 and a beta of 1.90. The firm has a fifty day simple moving average of $113.79 and a two-hundred day simple moving average of $115.82. Lattice Semiconductor Corporation has a twelve month low of $60.50 and a twelve month high of $157.01.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The firm had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. During the same period last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 118.3% compared to the same quarter last year. Research analysts expect that Lattice Semiconductor Corporation will post 1.31 EPS for the current year.
Insider Buying and Selling
In related news, SVP Pravin Desale sold 2,039 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $111.83, for a total transaction of $228,021.37. Following the transaction, the senior vice president directly owned 73,456 shares in the company, valued at $8,214,584.48. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ford Tamer purchased 9,790 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $102.52 per share, for a total transaction of $1,003,670.80. Following the completion of the purchase, the chief executive officer directly owned 19,790 shares in the company, valued at approximately $2,028,870.80. This trade represents a 97.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 19,661 shares of company stock worth $2,587,259. Insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Needham & Company LLC increased their price objective on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Rosenblatt Securities boosted their target price on Lattice Semiconductor from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada upped their target price on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $195.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $166.82.
Read Our Latest Stock Analysis on Lattice Semiconductor
Lattice Semiconductor Company Profile
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