Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,530 shares of the semiconductor company's stock after purchasing an additional 75,487 shares during the quarter. Penserra Capital Management LLC owned approximately 0.19% of Lattice Semiconductor worth $13,612,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LSCC. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after buying an additional 410 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $52,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $69,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on LSCC shares. Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor Stock Performance

LSCC stock traded up $0.14 during trading on Wednesday, hitting $53.79. The stock had a trading volume of 2,470,124 shares, compared to its average volume of 2,644,575. The company's 50 day moving average price is $49.82 and its two-hundred day moving average price is $53.61. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 145.38, a price-to-earnings-growth ratio of 3.61 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The firm had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the previous year, the company posted $0.29 EPS. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the company's 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 directly owned 8,084 shares of the company's stock, valued at $420,610.52. This represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value of $101,242.40. Following the completion of the transaction, the senior vice president directly owned 87,106 shares in the company, valued at approximately $4,926,715.36. The trade was 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 insiders.

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.