Geode Capital Management LLC Grows Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Geode Capital Management LLC increased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,055,445 shares of the semiconductor company's stock after purchasing an additional 74,655 shares during the period. Geode Capital Management LLC owned approximately 2.21% of Lattice Semiconductor worth $173,132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $88,674,000. TimesSquare Capital Management LLC raised its holdings in Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after acquiring an additional 1,473,154 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Lattice Semiconductor in the 4th quarter worth approximately $28,325,000. Barclays PLC lifted its position in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after purchasing an additional 229,820 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $1.10 during mid-day trading on Friday, reaching $43.28. 3,811,822 shares of the company's stock traded hands, compared to its average volume of 2,536,875. The firm has a market capitalization of $5.96 billion, a PE ratio of 98.37, a price-to-earnings-growth 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 $78.85. The firm has a 50 day moving average price of $57.34 and a two-hundred day moving average price of $56.08.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) 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%. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction 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. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LSCC has been the subject of several recent analyst reports. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Loop Capital began coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They issued a "buy" rating and a $85.00 price target for the company. Finally, Benchmark boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 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 given a strong buy rating to the company. According to MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $67.69.

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.