T. Rowe Price Investment Management Inc. Acquires 478,440 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

T. Rowe Price Investment Management Inc. grew its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,544,339 shares of the semiconductor company's stock after buying an additional 478,440 shares during the quarter. Lattice Semiconductor accounts for 0.8% of T. Rowe Price Investment Management Inc.'s portfolio, making the stock its 24th largest position. T. Rowe Price Investment Management Inc. owned about 15.62% of Lattice Semiconductor worth $1,220,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LSCC. UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after buying an additional 340 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $57,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred 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 owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $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 Performance

Shares of Lattice Semiconductor stock traded down $0.90 during trading on Monday, reaching $48.14. The company's stock had a trading volume of 592,399 shares, compared to its average volume of 2,782,119. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.85. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 109.41, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The business's fifty day moving average price is $54.14 and its 200-day moving average price is $55.50.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LSCC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Loop Capital initiated coverage on shares of Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 price target for the company. Benchmark raised their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.69.

Lattice Semiconductor Company 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.