Pier Capital LLC Has $9.25 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pier Capital LLC grew its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 163,337 shares of the semiconductor company’s stock after buying an additional 1,832 shares during the quarter. Lattice Semiconductor comprises 1.3% of Pier Capital LLC’s portfolio, making the stock its 25th biggest position. Pier Capital LLC’s holdings in Lattice Semiconductor were worth $9,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 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 during the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Lattice Semiconductor by 102.7% during 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 last quarter. Jones Financial Companies Lllp increased its holdings in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $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 worth approximately $57,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $63.40 on Tuesday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $80.13. The stock has a market cap of $8.74 billion, a P/E ratio of 144.09, a P/E/G ratio of 3.03 and a beta of 1.43. The firm has a 50 day moving average price of $60.21 and a 200 day moving average price of $56.21.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LSCC. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the firm’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 sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock worth $943,026 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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.