Pilgrim Partners Asia Pte Ltd Invests $77,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pilgrim Partners Asia Pte Ltd acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,360 shares of the semiconductor company’s stock, valued at approximately $77,000.

Several other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in shares of Lattice Semiconductor by 7.3% during the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 348 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Lattice Semiconductor by 80.9% during the 3rd quarter. Janus Henderson Group PLC now owns 161,495 shares of the semiconductor company’s stock worth $8,571,000 after buying an additional 72,244 shares in the last quarter. Readystate Asset Management LP purchased a new position in Lattice Semiconductor in the 3rd quarter valued at approximately $301,000. Quantinno Capital Management LP grew its stake in shares of Lattice Semiconductor by 863.1% in the third quarter. Quantinno Capital Management LP now owns 34,431 shares of the semiconductor company’s stock worth $1,827,000 after acquiring an additional 30,856 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Lattice Semiconductor by 99.0% during the third quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock worth $3,172,000 after acquiring an additional 29,734 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $39.03 on Friday. Lattice Semiconductor Co. has a one year low of $38.72 and a one year high of $78.85. The stock has a market capitalization of $5.37 billion, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The business’s 50-day simple moving average is $59.29 and its 200-day simple moving average is $56.59.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on LSCC. Susquehanna boosted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Benchmark raised their target price 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. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.69.

Insider Activity

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly 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 have sold 14,740 shares of company stock valued at $943,026 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

About Lattice Semiconductor

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.