DekaBank Deutsche Girozentrale Buys 253,788 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

DekaBank Deutsche Girozentrale grew its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 131.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 446,178 shares of the semiconductor company’s stock after buying an additional 253,788 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Lattice Semiconductor were worth $35,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the 1st quarter worth approximately $30,000. American National Bank bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $28,000. Finally, Principal Securities Inc. bought a new stake in Lattice Semiconductor during the 4th quarter worth approximately $31,000. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 7.0 %

Shares of Lattice Semiconductor stock traded down $3.37 during trading on Friday, reaching $45.08. The company’s stock had a trading volume of 4,600,144 shares, compared to its average volume of 2,932,415. Lattice Semiconductor Co. has a 52-week low of $44.51 and a 52-week high of $98.30. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 12.19 and a beta of 1.39. The firm’s 50-day moving average is $60.33 and its two-hundred day moving average is $68.38.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the company posted $0.40 EPS. Lattice Semiconductor’s revenue for the quarter was down 34.7% on a year-over-year basis. On average, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Insider Activity

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sherri R. Luther sold 16,465 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares of the company’s stock, valued at approximately $7,854,169.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,566 shares of company stock valued at $3,664,529. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LSCC shares. Benchmark reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Susquehanna decreased their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. TD Cowen decreased their target price on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $66.55.

Lattice Semiconductor Company Profile

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.