Nuveen Asset Management LLC Raises Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nuveen Asset Management LLC increased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 560,343 shares of the semiconductor company's stock after buying an additional 46,453 shares during the period. Nuveen Asset Management LLC owned about 0.41% of Lattice Semiconductor worth $31,743,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in 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 worth $1,220,487,000 after buying an additional 478,440 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 4,676,100 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $173,132,000 after purchasing an additional 74,655 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings 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 valued at $127,944,000 after purchasing an additional 216,617 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded up $1.19 during trading on Tuesday, reaching $47.83. 2,615,182 shares of the company were exchanged, compared to its average volume of 2,661,249. The firm has a market capitalization of $6.58 billion, a PE ratio of 108.71, a P/E/G ratio of 3.03 and a beta of 1.60. The business's fifty day simple moving average is $48.66 and its 200-day simple moving average is $55.09. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.25.

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 (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business'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, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on LSCC. Benchmark reissued a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. 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. KeyCorp decreased their target price on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's 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 sale, the senior vice president now owns 87,106 shares of the company's stock, valued at $4,926,715.36. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company's stock, valued at $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,490 shares of company stock valued at $777,363. 1.80% of the stock is currently owned by corporate insiders.

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.