Panoramic Capital LLC Buys Shares of 5,683 Lattice Semiconductor Co. (NASDAQ:LSCC)

Panoramic Capital LLC purchased a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,683 shares of the semiconductor company's stock, valued at approximately $322,000.

A number of other large investors have also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV grew its position in Lattice Semiconductor by 3.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 29,564 shares of the semiconductor company's stock valued at $1,743,000 after buying an additional 1,016 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $1,037,000. Nuveen Asset Management LLC lifted its position in shares of Lattice Semiconductor by 9.0% in the fourth quarter. Nuveen Asset Management LLC now owns 560,343 shares of the semiconductor company's stock worth $31,743,000 after buying an additional 46,453 shares in the last quarter. Meridiem Capital Partners LP purchased a new stake in Lattice Semiconductor during the fourth quarter valued at $7,315,000. Finally, LMR Partners LLP raised its stake in Lattice Semiconductor by 1,890.4% during the fourth quarter. LMR Partners LLP now owns 273,754 shares of the semiconductor company's stock valued at $15,508,000 after purchasing an additional 260,000 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Price Performance

LSCC traded up $0.28 during trading on Friday, reaching $52.53. 1,471,464 shares of the company's stock were exchanged, compared to its average volume of 2,634,158. The stock has a market capitalization of $7.22 billion, a P/E ratio of 119.39, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The company's fifty day simple moving average is $50.44 and its 200-day simple moving average is $55.32. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.29.

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

Analysts Set New Price Targets

LSCC has been the topic of several recent analyst reports. Raymond James reissued an "outperform" rating and issued a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Benchmark reiterated a "buy" rating and set a $60.00 target price 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 company a "buy" rating in a report on Tuesday, May 6th. StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, KeyCorp lowered their target price on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.15.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares of the company's stock, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the sale, the director now directly owns 8,084 shares in the company, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,380 shares of company stock valued at $974,722. 1.80% of the stock is owned by company 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.