TimesSquare Capital Management LLC Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

TimesSquare Capital Management LLC boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2,923.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,523,545 shares of the semiconductor company’s stock after purchasing an additional 1,473,154 shares during the period. Lattice Semiconductor makes up approximately 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. TimesSquare Capital Management LLC’s holdings in Lattice Semiconductor were worth $86,309,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its stake 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 valued at $592,000 after acquiring an additional 224 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Lattice Semiconductor by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 231 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. HighTower Advisors LLC raised its stake in Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock worth $267,000 after buying an additional 348 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Lattice Semiconductor by 7.5% in the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock worth $284,000 after buying an additional 349 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Up 4.5 %

Shares of LSCC opened at $67.29 on Wednesday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The stock’s 50 day moving average is $58.21 and its two-hundred day moving average is $53.35. The firm has a market cap of $9.28 billion, a P/E ratio of 152.94, a PEG ratio of 3.86 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Equities research analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LSCC shares. Stifel Nicolaus lifted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. TD Cowen dropped their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. KeyCorp increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Susquehanna lifted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at $22,827.10. This represents a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,635 shares of company stock valued at $377,108. Company insiders own 1.19% of the company’s stock.

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.