Pinebridge Investments L.P. Increases Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pinebridge Investments L.P. raised its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) by 197.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,717 shares of the semiconductor company’s stock after acquiring an additional 33,023 shares during the quarter. Pinebridge Investments L.P.’s holdings in Lattice Semiconductor were worth $3,430,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new position in Lattice Semiconductor in the third quarter valued at approximately $196,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Lattice Semiconductor by 5.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,188 shares of the semiconductor company’s stock valued at $1,907,000 after buying an additional 1,189 shares during the last quarter. Pathstone Family Office LLC raised its stake in Lattice Semiconductor by 43.6% during the 3rd quarter. Pathstone Family Office LLC now owns 11,423 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 3,470 shares in the last quarter. HighTower Advisors LLC lifted its position in Lattice Semiconductor by 13.1% in the third quarter. HighTower Advisors LLC now owns 5,100 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 590 shares during the last quarter. Finally, Heritage Wealth Advisors acquired a new position in Lattice Semiconductor in the third quarter valued at $33,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. KeyCorp boosted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Jefferies Financial Group restated a “buy” rating and set a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, Bank of America raised their price objective on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.09.

Read Our Latest Stock Analysis on LSCC

Insider Activity

In related news, CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the transaction, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Elizabeth M. Schwarting sold 650 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at approximately $132,864. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 16,465 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at approximately $7,854,169.68. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock valued at $3,664,529 in the last three months. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Performance

LSCC stock opened at $60.77 on Friday. Lattice Semiconductor Co. has a one year low of $51.96 and a one year high of $98.30. The company has a fifty day moving average of $71.91 and a 200-day moving average of $70.21. The stock has a market capitalization of $8.36 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 13.39 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The firm had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Equities analysts forecast that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

About Lattice Semiconductor

(Free Report)

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.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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