Pier Capital LLC Acquires 86,276 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Pier Capital LLC boosted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 114.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,505 shares of the semiconductor company's stock after buying an additional 86,276 shares during the period. Lattice Semiconductor makes up about 1.2% of Pier Capital LLC's holdings, making the stock its 27th largest holding. Pier Capital LLC owned 0.12% of Lattice Semiconductor worth $8,571,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LSCC. American National Bank & Trust lifted its stake in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 709 shares during the last quarter. West Oak Capital LLC lifted its stake in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 550 shares during the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor during the third quarter worth about $53,000. Blue Trust Inc. lifted its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 748 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 407 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded down $0.04 during mid-day trading on Friday, reaching $57.67. 1,823,082 shares of the company's stock traded hands, compared to its average volume of 1,773,648. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 55.99 and a beta of 1.42. The company has a 50 day moving average price of $53.19 and a 200-day moving average price of $54.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the prior year, the business earned $0.41 EPS. The business's revenue for the quarter was down 33.9% on a year-over-year basis. As a group, analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,226 shares of company stock worth $314,838. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LSCC shares. Robert W. Baird lowered their target price on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. KeyCorp lowered their target price on Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Raymond James lowered their target price on Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.42.

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.