Bridges Investment Management Inc. Invests $475,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bridges Investment Management Inc. acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,194 shares of the semiconductor company’s stock, valued at approximately $475,000.

A number of other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC raised its holdings in Lattice Semiconductor by 16.8% during the second quarter. Intech Investment Management LLC now owns 37,066 shares of the semiconductor company’s stock valued at $2,149,000 after buying an additional 5,319 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Lattice Semiconductor by 222.0% in the 2nd quarter. Hsbc Holdings PLC now owns 206,149 shares of the semiconductor company’s stock worth $11,948,000 after purchasing an additional 142,137 shares during the last quarter. Blair William & Co. IL boosted its position in Lattice Semiconductor by 5.7% during the second quarter. Blair William & Co. IL now owns 44,987 shares of the semiconductor company’s stock worth $2,609,000 after purchasing an additional 2,433 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Lattice Semiconductor by 8.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,317 shares of the semiconductor company’s stock valued at $1,062,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, July 30th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, KeyCorp cut their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.08.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $52.82 on Friday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $87.64. The firm has a market capitalization of $7.27 billion, a PE ratio of 33.86 and a beta of 1.38. The company’s fifty day moving average price is $49.28 and its two-hundred day moving average price is $62.76.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business’s revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. Analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by 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.