Granahan Investment Management LLC Boosts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Granahan Investment Management LLC boosted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,941 shares of the semiconductor company's stock after purchasing an additional 29,015 shares during the period. Granahan Investment Management LLC owned approximately 0.09% of Lattice Semiconductor worth $7,078,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in shares of Lattice Semiconductor by 2.9% during the fourth quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after buying an additional 800 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 valued at $53,217,000 after purchasing an additional 29,516 shares in the last quarter. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor during the fourth quarter valued at approximately $1,324,000. Barclays PLC lifted its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after buying an additional 266 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This represents a 2.99% 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.

Lattice Semiconductor Stock Up 1.0%

LSCC traded up $0.59 during trading on Tuesday, reaching $56.59. 170,032 shares of the stock traded hands, compared to its average volume of 2,612,394. The stock has a market capitalization of $7.78 billion, a PE ratio of 129.14, a P/E/G ratio of 3.03 and a beta of 1.60. The stock's 50-day moving average is $51.02 and its 200 day moving average is $55.34. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The business's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LSCC shares. KeyCorp lowered their price target 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. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Stifel Nicolaus raised their target price on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Loop Capital lowered their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, TD Cowen lifted their price objective on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.93.

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.