Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Acquired by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC increased its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 129.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,850 shares of the semiconductor company's stock after purchasing an additional 11,190 shares during the quarter. 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 institutional investors also recently bought and sold shares of LSCC. Allworth Financial LP lifted its holdings in shares of Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 purchasing an additional 410 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $52,000. Harvest Fund Management Co. Ltd purchased a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $69,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Lattice Semiconductor during the 4th quarter valued at approximately $74,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on LSCC shares. KeyCorp reduced their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. TD Cowen upped their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Robert W. Baird boosted their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Rosenblatt Securities reiterated a "buy" rating and set a $72.00 target price on shares of 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 on the stock in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and an average target price of $63.15.

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction 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 completion of the sale, the director owned 8,084 shares of the company's stock, valued at approximately $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $0.17 during mid-day trading on Tuesday, reaching $52.32. The stock had a trading volume of 266,082 shares, compared to its average volume of 2,614,937. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 141.08, a price-to-earnings-growth ratio of 3.57 and a beta of 1.52. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55. The stock's 50 day simple moving average is $50.20 and its two-hundred day simple moving average is $53.24.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. Lattice Semiconductor's revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Sell-side analysts anticipate 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.

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