Price T Rowe Associates Inc. MD Acquires 4,676,100 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Price T Rowe Associates Inc. MD increased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 291.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,283,157 shares of the semiconductor company's stock after buying an additional 4,676,100 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.55% of Lattice Semiconductor worth $355,942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp grew its position in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after buying an additional 370 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Lattice Semiconductor in the 4th quarter valued at $57,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Down 1.5 %

LSCC traded down $0.71 during trading on Tuesday, reaching $48.25. 2,337,552 shares of the company's stock were exchanged, compared to its average volume of 2,565,106. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.85. The stock has a market capitalization of $6.64 billion, a PE ratio of 109.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The firm has a fifty day moving average price of $53.75 and a two-hundred day moving average price of $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 net margin of 12.00% and a return on equity of 11.22%. Sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on LSCC. Loop Capital began coverage on Lattice Semiconductor in a research note on Friday, April 4th. They issued a "buy" rating and a $85.00 price target for the company. KeyCorp lifted their price objective 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. Benchmark upped their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Stifel Nicolaus lifted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.69.

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.