Pier 88 Investment Partners LLC Increases Stock Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Pier 88 Investment Partners LLC increased its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 129.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,850 shares of the semiconductor company's stock after purchasing an additional 11,190 shares during the period. Pier 88 Investment Partners LLC's holdings in Lattice Semiconductor were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted 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 period. Vanguard Group Inc. lifted its holdings in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after buying an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Lattice Semiconductor by 2.5% during the 4th 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 in the last quarter. 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 valued at $127,944,000 after buying an additional 216,617 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $1.52 during trading hours on Friday, hitting $53.77. 685,907 shares of the company were exchanged, compared to its average volume of 2,612,700. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 145.26, a PEG ratio of 3.61 and a beta of 1.52. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55. The company's 50 day moving average price is $50.11 and its 200-day moving average price is $53.20.

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

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director directly owned 8,084 shares in the company, valued at approximately $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the sale, the senior vice president owned 87,106 shares of the company's stock, 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. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on LSCC. Loop Capital decreased their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Rosenblatt Securities restated a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.