Next Century Growth Investors LLC Acquires 66,530 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Next Century Growth Investors LLC boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 37.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 244,017 shares of the semiconductor company's stock after purchasing an additional 66,530 shares during the period. Next Century Growth Investors LLC owned approximately 0.18% of Lattice Semiconductor worth $13,824,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Lattice Semiconductor by 5.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after purchasing an additional 163 shares in the last quarter. Covestor Ltd lifted its position in shares of Lattice Semiconductor by 21.1% in the 4th quarter. Covestor Ltd now owns 2,297 shares of the semiconductor company's stock valued at $130,000 after acquiring an additional 400 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Lattice Semiconductor by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,881 shares of the semiconductor company's stock worth $3,392,000 after purchasing an additional 380 shares during the period. Raymond James Financial Inc. purchased a new position in Lattice Semiconductor during the 4th quarter worth approximately $28,325,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $4,214,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Lattice Semiconductor Stock Performance

NASDAQ:LSCC traded down $0.53 on Thursday, hitting $41.06. 1,330,854 shares of the stock were exchanged, compared to its average volume of 2,550,261. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.85. The company's 50-day moving average price is $56.66 and its 200 day moving average price is $55.84. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 93.26, a P/E/G ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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, equities research 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 company'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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

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.