GAMMA Investing LLC Boosts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

GAMMA Investing LLC grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 7,924.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 218,507 shares of the semiconductor company's stock after acquiring an additional 215,784 shares during the quarter. GAMMA Investing LLC owned about 0.16% of Lattice Semiconductor worth $11,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its stake in Lattice Semiconductor by 2.9% in the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after purchasing an additional 800 shares during the period. Charles Schwab Investment Management Inc. boosted 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. Proficio Capital Partners LLC acquired a new stake in Lattice Semiconductor in the fourth quarter worth about $834,000. Rhumbline Advisers boosted its holdings in Lattice Semiconductor by 1.9% in the fourth quarter. Rhumbline Advisers now owns 398,152 shares of the semiconductor company's stock worth $22,555,000 after acquiring an additional 7,610 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after acquiring an additional 229,820 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Trading Down 0.5%

Lattice Semiconductor stock traded down $0.25 during midday trading on Wednesday, reaching $51.01. 2,078,878 shares of the stock traded hands, compared to its average volume of 2,628,061. The company has a 50-day simple moving average of $47.11 and a two-hundred day simple moving average of $54.79. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $70.55. The firm has a market cap of $7.01 billion, a PE ratio of 115.93, a price-to-earnings-growth ratio of 3.03 and a beta of 1.53.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the company earned $0.29 EPS. Lattice Semiconductor's revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, May 15th. The stock was 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 trade represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 now owns 87,106 shares in the company, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company's stock.

Analysts Set New Price Targets

LSCC has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Wall Street Zen downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Loop Capital dropped their target price 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 analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor has a consensus 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.