32,783 Shares in Lattice Semiconductor Co. (NASDAQ:LSCC) Acquired by Twinbeech Capital LP

Twinbeech Capital LP bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,783 shares of the semiconductor company's stock, valued at approximately $1,857,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its position in Lattice Semiconductor by 2.9% during the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after purchasing an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lattice Semiconductor by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after purchasing an additional 29,516 shares in the last quarter. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor during the fourth quarter valued at $1,324,000. Barclays PLC lifted 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 valued at $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. lifted 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 valued at $37,000 after purchasing an additional 266 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director now directly owns 8,084 shares in the company, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,490 shares of company stock valued at $777,363. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LSCC shares. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. KeyCorp lowered their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, TD Cowen boosted their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

Lattice Semiconductor Stock Up 4.8%

NASDAQ LSCC traded up $2.22 during trading hours on Tuesday, hitting $48.86. 384,202 shares of the company were exchanged, compared to its average volume of 2,652,519. The stock has a 50-day moving average price of $48.91 and a 200 day moving average price of $55.14. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.25. The stock has a market cap of $6.72 billion, a PE ratio of 111.20, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

About Lattice Semiconductor

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.