Hood River Capital Management LLC Purchases New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Hood River Capital Management LLC bought a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 779,300 shares of the semiconductor company’s stock, valued at approximately $44,147,000. Hood River Capital Management LLC owned approximately 0.56% of Lattice Semiconductor at the end of the most recent reporting period.

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

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Stock Up 1.1 %

Lattice Semiconductor stock opened at $42.24 on Wednesday. The business has a 50-day simple moving average of $55.23 and a two-hundred day simple moving average of $55.57. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The company has a market cap of $5.81 billion, a P/E ratio of 96.00, a P/E/G ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC) last announced its 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%. Research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSCC. 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 report on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Loop Capital assumed coverage on Lattice Semiconductor in a research note on Friday, April 4th. They issued a “buy” rating and a $85.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, Susquehanna increased their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average 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.