Prudential PLC Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Prudential PLC grew its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,012 shares of the semiconductor company’s stock after buying an additional 3,596 shares during the quarter. Prudential PLC’s holdings in Lattice Semiconductor were worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new position in Lattice Semiconductor during the fourth quarter valued at approximately $414,000. Arete Wealth Advisors LLC bought a new stake in Lattice Semiconductor during the fourth quarter valued at about $207,000. Geode Capital Management LLC grew its stake in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after purchasing an additional 74,655 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in shares of Lattice Semiconductor by 66.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,194 shares of the semiconductor company’s stock worth $464,000 after buying an additional 3,270 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Lattice Semiconductor by 47.0% during the fourth quarter. Alliancebernstein L.P. now owns 583,515 shares of the semiconductor company’s stock valued at $33,056,000 after acquiring an additional 186,689 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several analyst reports. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.69.

Insiders Place Their Bets

In related news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $37.84 on Wednesday. The company has a 50 day moving average price of $58.23 and a 200-day moving average price of $56.32. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.85. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 86.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal 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.