BNP Paribas Arbitrage SA grew its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 183.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 223,328 shares of the semiconductor company’s stock after acquiring an additional 144,494 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Lattice Semiconductor were worth $10,054,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. US Bancorp DE increased its stake in Lattice Semiconductor by 31.7% during the first quarter. US Bancorp DE now owns 1,399 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 337 shares during the last quarter. Montag A & Associates Inc. bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at approximately $98,000. Hoover Financial Advisors Inc. bought a new position in shares of Lattice Semiconductor during the 4th quarter valued at approximately $189,000. Resources Investment Advisors LLC. purchased a new stake in Lattice Semiconductor during the 4th quarter valued at $203,000. Finally, Ifrah Financial Services Inc. bought a new stake in Lattice Semiconductor in the fourth quarter worth $212,000. 96.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Lattice Semiconductor stock opened at $52.70 on Thursday. The company has a current ratio of 4.18, a quick ratio of 3.44 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $50.64 and its 200-day moving average price is $45.51. The firm has a market cap of $7.20 billion, a P/E ratio of 111.76, a P/E/G ratio of 9.07 and a beta of 1.06. Lattice Semiconductor Co. has a 12 month low of $23.65 and a 12 month high of $58.38.
Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Tuesday, May 4th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Lattice Semiconductor had a net margin of 13.61% and a return on equity of 16.98%. The company had revenue of $115.72 million for the quarter, compared to analysts’ expectations of $110.12 million. During the same period in the prior year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts forecast that Lattice Semiconductor Co. will post 0.57 earnings per share for the current year.
LSCC has been the subject of several analyst reports. Colliers Securities restated a “buy” rating on shares of Lattice Semiconductor in a report on Thursday, January 28th. Cowen boosted their target price on Lattice Semiconductor from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, February 17th. Zacks Investment Research downgraded Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Saturday, May 8th. KeyCorp boosted their price objective on Lattice Semiconductor from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 17th. Finally, Susquehanna reiterated a “neutral” rating on shares of Lattice Semiconductor in a research note on Monday, April 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $48.33.
In other Lattice Semiconductor news, VP Esam Elashmawi sold 38,000 shares of the stock in a transaction dated Thursday, March 4th. The shares were sold at an average price of $46.79, for a total transaction of $1,778,020.00. Following the completion of the sale, the vice president now directly owns 102,302 shares of the company’s stock, valued at $4,786,710.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sherri R. Luther sold 16,923 shares of the stock in a transaction that occurred on Tuesday, May 25th. The shares were sold at an average price of $51.88, for a total transaction of $877,965.24. Following the sale, the chief financial officer now directly owns 111,095 shares of the company’s stock, valued at approximately $5,763,608.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,295 shares of company stock valued at $6,448,827. 1.64% of the stock is owned by company insiders.
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 Certus-NX and ECP, MachXO, iCE40, and CrossLink. It also provides video connectivity application specific standard products.
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