Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,615 shares of the semiconductor company's stock after acquiring an additional 16,132 shares during the quarter. Pinebridge Investments L.P.'s holdings in Lattice Semiconductor were worth $3,207,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LSCC. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor during the 4th quarter worth $38,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 340 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter worth $57,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Price Performance

Shares of LSCC traded up $0.92 during mid-day trading on Thursday, reaching $49.85. 455,315 shares of the company's stock traded hands, compared to its average volume of 2,541,631. The stock's 50-day moving average is $53.00 and its two-hundred day moving average is $55.39. The stock has a market cap of $6.86 billion, a P/E ratio of 113.43, a P/E/G ratio of 3.03 and a beta of 1.64. 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 released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the company'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 transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This represents a 7.55 % 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Benchmark boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Needham & Company LLC restated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Loop Capital began coverage on Lattice Semiconductor in a research note on Friday, April 4th. They set a "buy" rating and a $85.00 price target for the company. Finally, KeyCorp raised their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.