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

Bridges Investment Management Inc. lifted its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 153.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,479 shares of the semiconductor company's stock after buying an additional 12,392 shares during the period. Bridges Investment Management Inc.'s holdings in Lattice Semiconductor were worth $1,074,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in Lattice Semiconductor by 209.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 410 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after buying an additional 370 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $52,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $69,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm'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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president directly owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several research reports. Robert W. Baird lifted 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. Raymond James Financial restated an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp dropped their price target 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. Rosenblatt Securities restated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 price target on Lattice Semiconductor in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $1.11 during mid-day trading on Thursday, hitting $54.90. The company's stock had a trading volume of 2,448,676 shares, compared to its average volume of 2,643,035. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55. The business has a 50-day moving average price of $49.94 and a 200 day moving average price of $53.57. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 148.38, a PEG ratio of 3.61 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. During the same quarter in the previous year, the business earned $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 EPS for the current fiscal 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.