Pinebridge Investments L.P. Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pinebridge Investments L.P. lifted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 39.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,615 shares of the semiconductor company's stock after buying an additional 16,132 shares during the quarter. Pinebridge Investments L.P.'s holdings in Lattice Semiconductor were worth $3,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after acquiring an additional 4,676,100 shares in the last quarter. Norges Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter worth $88,674,000. TimesSquare Capital Management LLC raised its position in shares of Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after purchasing an additional 1,473,154 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Lattice Semiconductor during the 4th quarter valued at $28,325,000. Finally, Barclays PLC boosted its holdings in Lattice Semiconductor by 57.5% in the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after buying an additional 372,301 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on LSCC shares. Loop Capital initiated coverage on Lattice Semiconductor in a report on Friday, April 4th. They set a "buy" rating and a $85.00 price target on the stock. KeyCorp lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.69.

Lattice Semiconductor Trading Down 1.5 %

NASDAQ:LSCC traded down $0.71 during midday trading on Tuesday, hitting $48.25. 2,337,552 shares of the company traded hands, compared to its average volume of 2,565,106. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.85. The firm has a market capitalization of $6.64 billion, a P/E ratio of 109.66, a P/E/G ratio of 3.03 and a beta of 1.64. The firm's fifty day moving average is $53.75 and its 200-day moving average is $55.48.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS 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%. On average, research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.