Fox Run Management L.L.C. Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Fox Run Management L.L.C. acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,987 shares of the semiconductor company’s stock, valued at approximately $679,000.

A number of other hedge funds have also bought and sold shares of the business. TimesSquare Capital Management LLC boosted its holdings in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after acquiring an additional 1,473,154 shares during the period. Point72 Asset Management L.P. bought a new position in Lattice Semiconductor in the 3rd quarter worth about $49,297,000. Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor during the 3rd quarter valued at about $38,194,000. Raymond James Financial Inc. bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after buying an additional 380,790 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Performance

LSCC stock opened at $63.40 on Tuesday. The company has a market capitalization of $8.74 billion, a PE ratio of 144.09, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.13. The company’s 50 day moving average price is $60.21 and its two-hundred day moving average price is $56.21.

Lattice Semiconductor (NASDAQ:LSCC) last issued its 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%. On average, research analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on LSCC shares. Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Robert W. Baird lifted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.25.

Insider Activity

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

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.