Crestline Management LP Acquires Shares of 28,202 Lattice Semiconductor Co. (NASDAQ:LSCC)

Crestline Management LP acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,202 shares of the semiconductor company's stock, valued at approximately $1,598,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Lattice Semiconductor by 2.9% during the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after buying an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lattice Semiconductor by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock worth $53,217,000 after acquiring an additional 29,516 shares during the period. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor in the 4th quarter valued at approximately $1,324,000. Barclays PLC boosted its position in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of research reports. Raymond James reissued an "outperform" rating and issued a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Loop Capital dropped their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. KeyCorp lowered their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $64.93.

Insider Activity

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

Lattice Semiconductor Price Performance

LSCC stock traded up $6.37 on Monday, hitting $56.00. 5,163,527 shares of the company were exchanged, compared to its average volume of 2,621,748. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 127.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.29. The business's fifty day moving average is $51.15 and its two-hundred day moving average is $55.33.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $120.09 million. During the same period in the prior year, the firm posted $0.29 EPS. The business's revenue for the quarter was down 14.7% on a year-over-year basis. Equities research analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

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.