Brevan Howard Capital Management LP Has $592,000 Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Brevan Howard Capital Management LP raised its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 88.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,447 shares of the semiconductor company’s stock after purchasing an additional 4,893 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Lattice Semiconductor were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LSCC. Barclays PLC raised its stake in Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after buying an additional 372,301 shares during the period. Tidal Investments LLC raised its position in shares of Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after purchasing an additional 224 shares during the period. Oak Thistle LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $804,000. Park Avenue Securities LLC grew its position in shares of Lattice Semiconductor by 19.3% in the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 796 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Lattice Semiconductor by 31.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 8,171 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday. Susquehanna boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. KeyCorp lowered their target price on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday. Williams Trading set a $60.00 price target on Lattice Semiconductor in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Two analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.93.

Lattice Semiconductor Trading Up 1.0 %

Shares of LSCC opened at $49.65 on Friday. The company’s fifty day simple moving average is $51.15 and its 200 day simple moving average is $55.30. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.29. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 112.84, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company had revenue of $120.15 million for the quarter, compared to analysts’ expectations of $120.09 million. During the same period in the prior year, the firm earned $0.29 EPS. Lattice Semiconductor’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity

In other news, 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 value of $197,358.10. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. 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.