Bridges Investment Management Inc. Boosts Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Bridges Investment Management Inc. boosted its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 153.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,479 shares of the semiconductor company's stock after acquiring an additional 12,392 shares during the period. Bridges Investment Management Inc.'s holdings in Lattice Semiconductor were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LSCC. MassMutual Private Wealth & Trust FSB lifted its stake in Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after buying an additional 410 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 370 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth approximately $52,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Lattice Semiconductor in the 4th quarter valued at $69,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $1.18 during midday trading on Friday, reaching $53.72. 1,098,363 shares of the company's stock were exchanged, compared to its average volume of 2,636,207. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 145.19, a P/E/G ratio of 3.70 and a beta of 1.52. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $70.55. The firm's 50 day simple moving average is $49.98 and its two-hundred day simple moving average is $53.47.

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, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The business had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue was down 14.7% on a year-over-year basis. Equities research analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on LSCC shares. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Raymond James Financial restated an "outperform" rating and set a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Loop Capital cut their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.