Pictet Asset Management Holding SA Acquires 342,248 Shares of Lattice Semiconductor Corporation $LSCC

Pictet Asset Management Holding SA boosted its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 18.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,197,117 shares of the semiconductor company’s stock after acquiring an additional 342,248 shares during the period. Pictet Asset Management Holding SA’s holdings in Lattice Semiconductor were worth $276,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LSCC. Signature Equity Partners LLC boosted its stake in Lattice Semiconductor by 160.5% in the third quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 130 shares during the period. Reyes Financial Architecture Inc. acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $37,000. Burkett Financial Services LLC acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Lattice Semiconductor in the 2nd quarter worth approximately $46,000. Finally, Danske Bank A S bought a new stake in shares of Lattice Semiconductor in the 2nd quarter worth approximately $46,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the sale, the senior vice president directly owned 155,420 shares in the company, valued at $20,945,953.40. This trade represents a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Tracy Feanny sold 1,880 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the sale, the senior vice president directly owned 60,221 shares in the company, valued at $7,613,741.03. The trade was a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 19,661 shares of company stock valued at $2,587,259. 0.62% of the stock is owned by corporate insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $105.02 on Friday. The firm’s 50 day moving average is $113.79 and its two-hundred day moving average is $115.82. Lattice Semiconductor Corporation has a 52 week low of $60.50 and a 52 week high of $157.01. The firm has a market capitalization of $14.94 billion, a P/E ratio of 328.20, a PEG ratio of 1.57 and a beta of 1.90. The company has a current ratio of 1.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The company had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The business’s revenue for the quarter was up 118.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts anticipate that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of a number of analyst reports. Zacks Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Benchmark initiated coverage on Lattice Semiconductor in a research report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Thursday, October 15th. Needham & Company LLC raised their target price on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, KeyCorp boosted their price target on shares of Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $166.82.

Lattice Semiconductor Profile