Proficio Capital Partners LLC Buys New Shares in Lattice Semiconductor Co. (NASDAQ:LSCC)

Proficio Capital Partners LLC bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, Holdings Channel reports. The firm bought 14,729 shares of the semiconductor company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at $38,000. Jones Financial Companies Lllp grew its stake in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 370 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at $57,000. Finally, Brooklyn Investment Group bought a new position in shares of Lattice Semiconductor in the third quarter valued at $89,000. 98.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, 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. Over the last quarter, insiders have sold 14,740 shares of company stock worth $943,026. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $60.67 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $80.13. The company has a market capitalization of $8.36 billion, a P/E ratio of 137.89, a P/E/G ratio of 3.03 and a beta of 1.43. The stock has a fifty day moving average of $60.05 and a 200-day moving average of $55.98.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the subject of several research reports. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Stifel Nicolaus raised their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Benchmark raised their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor 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.