B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,924 shares of the semiconductor company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the last quarter. Swedbank AB acquired a new position in shares of Lattice Semiconductor in the first quarter valued at approximately $4,186,000. Stephens Investment Management Group LLC lifted its stake in shares of Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares during the period. Marshall Financial Group LLC acquired a new stake in Lattice Semiconductor during the second quarter worth approximately $721,000. Finally, Cetera Investment Advisers boosted its position in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after acquiring an additional 13,236 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $57.48 on Tuesday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The company’s 50 day moving average price is $52.20 and its 200 day moving average price is $55.45. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 56.86 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was down 33.9% on a year-over-year basis. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This trade represents a 92.32 % 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 Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LSCC shares. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Robert W. Baird decreased their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

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.