Penserra Capital Management LLC Grows Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Penserra Capital Management LLC raised its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 41.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,530 shares of the semiconductor company's stock after buying an additional 75,487 shares during the quarter. Penserra Capital Management LLC owned about 0.19% of Lattice Semiconductor worth $13,612,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LSCC. Proficio Capital Partners LLC purchased a new position in Lattice Semiconductor during the 4th quarter valued at about $834,000. US Bancorp DE grew its holdings in Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after buying an additional 800 shares in the last quarter. Jones Financial Companies Lllp grew its holdings 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. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $53,217,000 after purchasing an additional 29,516 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Lattice Semiconductor by 7.8% during the fourth quarter. Assetmark Inc. now owns 32,335 shares of the semiconductor company's stock worth $1,832,000 after purchasing an additional 2,345 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction on Monday, May 12th. The stock was 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 owned 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LSCC shares. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen boosted their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Robert W. Baird boosted their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. KeyCorp cut their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two equities 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded up $1.11 during midday trading on Thursday, reaching $54.90. 2,448,676 shares of the company's stock traded hands, compared to its average volume of 2,643,794. The stock has a 50 day moving average of $49.82 and a 200-day moving average of $53.61. The company has a market cap of $7.55 billion, a PE ratio of 148.38, a price-to-earnings-growth ratio of 3.61 and a beta of 1.52. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share 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.