Lattice Semiconductor Corporation $LSCC Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 38.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,598 shares of the semiconductor company’s stock after acquiring an additional 5,726 shares during the quarter. ProShare Advisors LLC’s holdings in Lattice Semiconductor were worth $2,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Lattice Semiconductor in the 2nd quarter worth about $2,637,161,000. William Blair Investment Management LLC acquired a new stake in shares of Lattice Semiconductor during the second quarter valued at about $177,497,000. TimesSquare Capital Management LLC acquired a new stake in shares of Lattice Semiconductor during the second quarter valued at about $173,633,000. Bank of New York Mellon Corp bought a new stake in shares of Lattice Semiconductor during the second quarter worth about $139,705,000. Finally, Bank of America Corp DE acquired a new position in shares of Lattice Semiconductor in the second quarter valued at approximately $94,740,000. Institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research report on Thursday, October 15th. William Blair initiated coverage on Lattice Semiconductor in a research note on Tuesday, October 6th. They issued an “outperform” rating on the stock. Robert W. Baird set a $195.00 price target on shares of Lattice Semiconductor in a report on Tuesday. Finally, Rosenblatt Securities boosted their price target on shares of Lattice Semiconductor from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Lattice Semiconductor currently has a consensus rating of “Buy” and a consensus target price of $166.82.

Lattice Semiconductor Stock Up 7.1%

Shares of Lattice Semiconductor stock traded up $6.99 during trading on Friday, reaching $105.02. 2,420,875 shares of the company traded hands, compared to its average volume of 2,152,552. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.33. Lattice Semiconductor Corporation has a 1-year low of $60.50 and a 1-year high of $157.01. The company has a 50 day moving average price of $113.79 and a 200-day moving average price of $115.82. The firm has a market capitalization of $14.39 billion, a PE ratio of 328.20, a P/E/G ratio of 1.45 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 18.28% and a net margin of 5.53%. The business had revenue of $291.04 million for the quarter, compared to the consensus estimate of $255.90 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 118.3% on a year-over-year basis. As a group, equities research analysts expect that Lattice Semiconductor Corporation will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Feanny sold 1,880 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total transaction of $237,688.40. Following the completion of the transaction, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of the business’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 value of $228,021.37. Following the sale, the senior vice president directly owned 73,456 shares of the company’s stock, valued at $8,214,584.48. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders sold 19,661 shares of company stock valued at $2,587,259. Insiders own 0.62% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation (NASDAQ: LSCC) designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.

The company’s products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.