Boothbay Fund Management LLC Invests $273,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Boothbay Fund Management LLC bought a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,824 shares of the semiconductor company's stock, valued at approximately $273,000.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after purchasing an additional 4,676,100 shares during the last quarter. Norges Bank acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $88,674,000. TimesSquare Capital Management LLC increased its stake in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter worth approximately $44,147,000. Finally, Raymond James Financial Inc. bought a new position in Lattice Semiconductor during the fourth quarter worth about $28,325,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Insiders Place Their Bets

In related news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. TD Cowen increased their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.08.

Lattice Semiconductor Trading Down 10.1 %

Shares of NASDAQ:LSCC traded down $5.28 during trading on Tuesday, reaching $47.18. The company had a trading volume of 7,746,094 shares, compared to its average volume of 2,576,111. The company has a fifty day moving average of $52.14 and a two-hundred day moving average of $55.45. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.29. The stock has a market capitalization of $6.49 billion, a P/E ratio of 107.23, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same period last year, the company earned $0.29 EPS. Lattice Semiconductor's revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

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.