T. Rowe Price Investment Management Inc. Increases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

T. Rowe Price Investment Management Inc. grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,544,339 shares of the semiconductor company's stock after buying an additional 478,440 shares during the period. Lattice Semiconductor accounts for 0.8% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 24th largest position. T. Rowe Price Investment Management Inc. owned about 15.62% of Lattice Semiconductor worth $1,220,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LSCC. Sterling Capital Management LLC raised its stake in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock valued at $170,000 after purchasing an additional 163 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after buying an additional 190 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after acquiring an additional 224 shares during the last quarter. CIBC Asset Management Inc grew its position in Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock worth $240,000 after acquiring an additional 231 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock traded down $0.05 during midday trading on Friday, reaching $49.04. 1,747,011 shares of the company's stock traded hands, compared to its average volume of 2,569,722. The stock has a 50 day moving average of $54.14 and a 200-day moving average of $55.45. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.85. The company has a market cap of $6.75 billion, a PE ratio of 111.46, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its 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 net margin of 12.00% and a return on equity of 11.22%. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company'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 completion of 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 position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LSCC. Loop Capital started coverage on Lattice Semiconductor in a research note on Friday, April 4th. They set a "buy" rating and a $85.00 price target for the company. KeyCorp boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Stifel Nicolaus increased their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.69.

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.