Bank of America Corp DE Boosts Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bank of America Corp DE raised its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,727,479 shares of the semiconductor company’s stock after acquiring an additional 264,703 shares during the quarter. Bank of America Corp DE owned approximately 1.25% of Lattice Semiconductor worth $97,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LSCC. Sterling Capital Management LLC raised its holdings in shares of Lattice Semiconductor by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 163 shares during the period. Lindbrook Capital LLC increased its position in Lattice Semiconductor by 15.3% in the fourth quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company’s stock worth $81,000 after buying an additional 190 shares during the last quarter. Tidal Investments LLC raised its stake in shares of 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 period. CIBC Asset Management Inc lifted its position in shares of Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 231 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 266 shares during the period. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Up 1.0 %

LSCC stock opened at $49.65 on Friday. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 112.84, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The company’s 50 day moving average is $51.15 and its 200 day moving average is $55.32.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm had revenue of $120.15 million for the quarter, compared to analysts’ expectations of $120.09 million. During the same quarter last year, the company posted $0.29 EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, 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 owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LSCC. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Loop Capital cut their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Rosenblatt Securities reissued a “buy” rating and set a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Robert W. Baird raised their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $64.93.

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.