Meridiem Capital Partners LP Buys Shares of 129,131 Lattice Semiconductor Co. (NASDAQ:LSCC)

Meridiem Capital Partners LP acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 129,131 shares of the semiconductor company's stock, valued at approximately $7,315,000. Meridiem Capital Partners LP owned approximately 0.09% of Lattice Semiconductor as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after purchasing an additional 372,301 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Lattice Semiconductor in the 4th quarter valued at $804,000. Park Avenue Securities LLC grew its holdings in shares of Lattice Semiconductor by 19.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company's stock valued at $279,000 after purchasing an additional 796 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Lattice Semiconductor by 31.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company's stock valued at $1,928,000 after buying an additional 8,171 shares during the period. Finally, UMB Bank n.a. increased its holdings 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 period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor 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 completion of the transaction, the director now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction 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. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,380 shares of company stock valued at $974,722 in the last quarter. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $0.28 during mid-day trading on Friday, hitting $52.53. 1,471,464 shares of the company's stock were exchanged, compared to its average volume of 2,634,158. The company has a market cap of $7.22 billion, a PE ratio of 119.39, a P/E/G ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.29. The business has a fifty day moving average price of $50.56 and a 200 day moving average price of $55.33.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LSCC shares. Susquehanna raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, February 11th. Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen raised their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus raised their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

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.