Vestcor Inc Makes New $2.41 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Vestcor Inc bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 42,511 shares of the semiconductor company’s stock, valued at approximately $2,408,000.

Several other hedge funds have also bought and sold shares of LSCC. Entropy Technologies LP boosted its holdings in Lattice Semiconductor by 5.6% during the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock worth $435,000 after purchasing an additional 434 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Lattice Semiconductor by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 1,113 shares during the period. Empowered Funds LLC increased its position in shares of Lattice Semiconductor by 15.3% during the 3rd quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 619 shares during the last quarter. RiverPark Advisors LLC raised its stake in shares of Lattice Semiconductor by 85.0% during the 3rd quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 1,966 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Lattice Semiconductor by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after buying an additional 146,199 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LSCC. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Susquehanna upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday. Benchmark upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Trading Up 4.8 %

LSCC stock opened at $60.79 on Friday. The firm has a 50 day moving average of $59.48 and a 200-day moving average of $55.38. The firm has a market capitalization of $8.38 billion, a P/E ratio of 138.16, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,740 shares of company stock worth $943,026 over the last ninety days. 1.19% of the stock is owned by corporate 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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.