Hood River Capital Management LLC Buys Shares of 779,300 Lattice Semiconductor Co. (NASDAQ:LSCC)

Hood River Capital Management LLC bought a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 779,300 shares of the semiconductor company's stock, valued at approximately $44,147,000. Hood River Capital Management LLC owned 0.56% of Lattice Semiconductor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LSCC. UMB Bank n.a. lifted 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 purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at about $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after buying an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after buying an additional 370 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $57,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Trading Down 0.1 %

LSCC traded down $0.05 on Friday, reaching $49.04. The stock had a trading volume of 1,747,011 shares, compared to its average volume of 2,569,722. The business's 50-day moving average price is $54.14 and its two-hundred day moving average price is $55.45. The company has a market cap of $6.75 billion, a P/E ratio of 111.46, 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.

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 for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the firm'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 transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Pravin Desale sold 2,890 shares of the business'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 value of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company's stock, 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 owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Susquehanna lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Finally, Loop Capital began coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They set a "buy" rating and a $85.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.