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

Skandinaviska Enskilda Banken AB publ boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 102.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 671 shares of the semiconductor company’s stock after purchasing an additional 340 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Lattice Semiconductor were worth $38,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 190 shares during the last quarter. Tidal Investments LLC increased its holdings in Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after buying an additional 224 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Lattice Semiconductor by 5.8% during the fourth 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. grew its holdings in shares of Lattice Semiconductor by 67.7% during the fourth 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 grew its holdings in shares of Lattice Semiconductor by 6.8% during the fourth 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. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 93,903 shares of the company’s stock, valued at approximately $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 sold a total of 14,740 shares of company stock worth $943,026 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Down 0.5 %

Shares of NASDAQ:LSCC opened at $62.31 on Wednesday. The company has a market cap of $8.59 billion, a P/E ratio of 141.62, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $80.47. The company has a 50-day moving average price of $59.72 and a 200 day moving average price of $55.72.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data 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 net margin of 12.00% and a return on equity of 11.22%. Analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LSCC shares. Robert W. Baird raised their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Benchmark raised their price objective 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 reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.25.

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.