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

Hood River Capital Management LLC acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 779,300 shares of the semiconductor company’s stock, valued at approximately $44,147,000.

A number of other large investors have also recently made changes to their positions in LSCC. T. Rowe Price Investment Management Inc. raised its stake in shares of Lattice Semiconductor by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock valued at $1,220,487,000 after acquiring an additional 478,440 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Lattice Semiconductor by 39.8% in the fourth quarter. Pinebridge Investments L.P. now owns 56,615 shares of the semiconductor company’s stock valued at $3,207,000 after acquiring an additional 16,132 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Lattice Semiconductor by 291.0% during 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. Hsbc Holdings PLC increased its position in Lattice Semiconductor by 1,011.6% during the 4th quarter. Hsbc Holdings PLC now owns 55,123 shares of the semiconductor company’s stock valued at $3,125,000 after purchasing an additional 50,164 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Lattice Semiconductor by 6.1% in the 4th quarter. Stifel Financial Corp now owns 63,428 shares of the semiconductor company’s stock valued at $3,593,000 after purchasing an additional 3,650 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Performance

LSCC stock opened at $42.24 on Wednesday. The firm’s fifty day moving average is $55.23 and its 200 day moving average is $55.57. The firm has a market cap of $5.81 billion, a PE ratio of 96.00, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results 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%. Research analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal 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 on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction that occurred 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. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on LSCC. Susquehanna lifted their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Monday, February 10th. 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. Loop Capital initiated coverage on shares of Lattice Semiconductor in a research report on Friday, April 4th. They set a “buy” rating and a $85.00 target price for the company. Finally, Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.69.

Lattice Semiconductor 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.