Los Angeles Capital Management LLC Invests $12.56 Million in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Los Angeles Capital Management LLC bought a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 239,406 shares of the semiconductor company's stock, valued at approximately $12,557,000. Los Angeles Capital Management LLC owned approximately 0.17% of Lattice Semiconductor at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake in Lattice Semiconductor by 2.3% in the fourth 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. raised its holdings in Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after acquiring an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 4,676,100 shares during the period. Geode Capital Management LLC raised its stake 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 during the last quarter. Finally, Capital Research Global Investors increased its holdings in Lattice Semiconductor by 10.6% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Insiders Place Their Bets

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's 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 sale, the director owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president directly owned 87,106 shares of the company's stock, valued at $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 Trading Down 1.7%

LSCC stock traded down $0.88 on Monday, hitting $52.15. 1,573,788 shares of the company's stock traded hands, compared to its average volume of 2,624,217. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55. The stock has a fifty day moving average of $50.20 and a 200-day moving average of $53.24. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 140.95, a P/E/G ratio of 3.57 and a beta of 1.52.

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 the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The business had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same period in the prior year, the firm earned $0.29 EPS. Lattice Semiconductor's quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on LSCC shares. Rosenblatt Securities restated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research note on Tuesday, May 6th. Robert W. Baird increased their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor 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.