Paloma Partners Management Co Grows Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Paloma Partners Management Co boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 456.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 60,283 shares of the semiconductor company’s stock after purchasing an additional 49,456 shares during the quarter. Paloma Partners Management Co’s holdings in Lattice Semiconductor were worth $3,199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LSCC. American National Bank & Trust grew its position in shares of Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the third quarter worth $53,000. Blue Trust Inc. increased its holdings 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LSCC shares. Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. KeyCorp cut their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,226 shares of company stock worth $314,838 over the last quarter. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Trading Up 0.8 %

LSCC stock opened at $56.75 on Monday. The stock has a market cap of $7.83 billion, a PE ratio of 55.10 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a 50-day moving average price of $52.64 and a 200 day moving average price of $54.95.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was down 33.9% on a year-over-year basis. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current 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.