Lecap Asset Management Ltd. Purchases New Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Lecap Asset Management Ltd. acquired a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 45,114 shares of the semiconductor company's stock, valued at approximately $2,366,000.

A number of other hedge funds also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after buying an additional 478,440 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Lattice Semiconductor by 1.6% in 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 raised its stake in shares of Lattice Semiconductor by 291.0% in 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 increased its position in shares of 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 worth $173,132,000 after purchasing an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of 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 worth $127,944,000 after purchasing an additional 216,617 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LSCC. Loop Capital dropped their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Raymond James Financial reiterated an "outperform" rating and set a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Robert W. Baird increased 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 reiterated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor Stock Down 0.6%

NASDAQ:LSCC traded down $0.31 during mid-day trading on Friday, reaching $50.19. 1,822,195 shares of the company were exchanged, compared to its average volume of 2,630,563. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $70.55. The company has a fifty day moving average of $48.81 and a 200 day moving average of $54.20. The stock has a market cap of $6.90 billion, a PE ratio of 135.65, a PEG ratio of 3.40 and a beta of 1.52.

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, meeting the consensus estimate of $0.22. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. On average, equities research analysts anticipate that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the transaction, the director now owns 8,084 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred on 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 now owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.