Brown Advisory Inc. Purchases 509,704 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Brown Advisory Inc. raised its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 110.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 970,411 shares of the semiconductor company's stock after buying an additional 509,704 shares during the period. Brown Advisory Inc. owned about 0.70% of Lattice Semiconductor worth $54,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 163 shares during the last quarter. Lindbrook Capital LLC raised its stake in Lattice Semiconductor by 15.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 190 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after purchasing an additional 224 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Lattice Semiconductor by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after buying an additional 231 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Trading Up 2.1 %

NASDAQ LSCC traded up $0.99 on Wednesday, reaching $48.58. The stock had a trading volume of 4,228,711 shares, compared to its average volume of 2,593,080. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 110.41, a P/E/G ratio of 3.03 and a beta of 1.60. The business has a 50 day moving average price of $51.60 and a 200 day moving average price of $55.35. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 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 company had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same period in the previous year, the business posted $0.29 EPS. The company's revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

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

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Loop Capital reduced their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Rosenblatt Securities reaffirmed a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Finally, StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.93.

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.