Highland Capital Management LLC Invests $1.28 Million in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Highland Capital Management LLC bought a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,328 shares of the semiconductor company's stock, valued at approximately $1,276,000.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its stake in shares of Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after purchasing an additional 478,440 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after buying an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 4,676,100 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after buying an additional 74,655 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after buying an additional 216,617 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president owned 87,106 shares in the company, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the transaction, the director directly owned 8,084 shares of the company's stock, valued at $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded up $2.17 during midday trading on Wednesday, reaching $52.31. The company had a trading volume of 3,213,344 shares, compared to its average volume of 2,714,123. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $70.55. The company has a market capitalization of $7.19 billion, a P/E ratio of 141.38, a P/E/G ratio of 3.30 and a beta of 1.52. The firm's fifty day simple moving average is $49.29 and its 200-day simple moving average is $53.88.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The business's revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. On average, analysts expect that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LSCC shares. Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Robert W. Baird raised their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

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.