Lattice Semiconductor Co. (NASDAQ:LSCC) Stake Lessened by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 54.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,660 shares of the semiconductor company's stock after selling 10,295 shares during the period. Pier 88 Investment Partners LLC's holdings in Lattice Semiconductor were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LSCC. Pier Capital LLC raised its stake in shares of Lattice Semiconductor by 114.7% in the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company's stock worth $8,571,000 after buying an additional 86,276 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lattice Semiconductor during the third quarter valued at about $1,314,000. Stifel Financial Corp lifted its position in shares of Lattice Semiconductor by 99.0% during the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company's stock valued at $3,172,000 after buying an additional 29,734 shares during the last quarter. US Bancorp DE raised its stake in shares of Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after acquiring an additional 800 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Lattice Semiconductor by 265.8% during the third quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company's stock worth $7,690,000 after purchasing an additional 104,400 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Stock Down 5.2 %

Shares of NASDAQ:LSCC traded down $2.23 during trading on Friday, reaching $40.83. The stock had a trading volume of 3,428,441 shares, compared to its average volume of 2,457,086. The business has a fifty day moving average price of $59.65 and a 200-day moving average price of $56.67. Lattice Semiconductor Co. has a fifty-two week low of $38.72 and a fifty-two week high of $78.85. The stock has a market cap of $5.62 billion, a P/E ratio of 92.81, a PEG ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

LSCC has been the subject of several analyst reports. Stifel Nicolaus boosted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Loop Capital initiated coverage on shares of Lattice Semiconductor in a research report on Friday. They issued a "buy" rating and a $85.00 price objective for the company. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.69.

Insider Activity

In other news, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction 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. This represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is currently owned by company insiders.

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.