Price T Rowe Associates Inc. MD Raises Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Price T Rowe Associates Inc. MD increased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 291.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,283,157 shares of the semiconductor company's stock after purchasing an additional 4,676,100 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.55% of Lattice Semiconductor worth $355,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after purchasing an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lattice Semiconductor by 3.2% during the 4th 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 during the last quarter. Compass Wealth Management LLC bought a new position in Lattice Semiconductor during the fourth quarter valued at approximately $1,324,000. Barclays PLC grew its holdings in shares of 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 purchasing an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. increased its position in 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 purchasing an additional 266 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 1.9 %

Shares of NASDAQ LSCC traded up $0.91 during midday trading on Thursday, reaching $49.84. The company had a trading volume of 455,315 shares, compared to its average volume of 2,541,631. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.29. The business's 50-day simple moving average is $53.00 and its 200 day simple 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 (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LSCC. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price objective 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 issued a "buy" rating and a $85.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Benchmark raised their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.69.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business'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 transaction, the director now directly owns 122,538 shares of the company's stock, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares in the company, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

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.