Lattice Semiconductor Co. (NASDAQ:LSCC) Position Boosted by Pier Capital LLC

Pier Capital LLC boosted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,337 shares of the semiconductor company’s stock after purchasing an additional 1,832 shares during the period. Lattice Semiconductor makes up approximately 1.3% of Pier Capital LLC’s holdings, making the stock its 25th biggest position. Pier Capital LLC owned about 0.12% of Lattice Semiconductor worth $9,253,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at $1,314,000. Stifel Financial Corp lifted its stake in Lattice Semiconductor by 99.0% in the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock valued at $3,172,000 after acquiring an additional 29,734 shares during the last quarter. US Bancorp DE boosted its holdings in Lattice Semiconductor by 2.9% in the fourth 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. Bank of Montreal Can raised its holdings in Lattice Semiconductor by 265.8% during the third quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company’s stock valued at $7,690,000 after buying an additional 104,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 worth $53,217,000 after acquiring an additional 29,516 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the topic of a number of recent analyst reports. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Benchmark boosted their price objective 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. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,740 shares of company stock worth $943,026. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $63.40 on Tuesday. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $80.13. The stock has a market cap of $8.74 billion, a PE ratio of 144.09, a PEG ratio of 3.03 and a beta of 1.43. The firm has a 50-day simple moving average of $60.21 and a 200 day simple moving average of $56.21.

Lattice Semiconductor (NASDAQ:LSCC) last issued its 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 forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

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.