Pier 88 Investment Partners LLC Increases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Pier 88 Investment Partners LLC boosted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 60.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,188 shares of the semiconductor company’s stock after acquiring an additional 6,500 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Lattice Semiconductor were worth $997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LSCC. Truist Financial Corp boosted its stake in shares of Lattice Semiconductor by 52.6% in the fourth quarter. Truist Financial Corp now owns 3,813 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 1,315 shares during the period. Van ECK Associates Corp boosted its position in Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 174 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lattice Semiconductor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 910,225 shares of the semiconductor company’s stock valued at $62,796,000 after acquiring an additional 24,707 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $31,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Lattice Semiconductor by 53.4% in the fourth quarter. BNP Paribas Financial Markets now owns 455,563 shares of the semiconductor company’s stock worth $31,429,000 after acquiring an additional 158,541 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 2.9 %

NASDAQ:LSCC opened at $41.64 on Friday. The firm has a market capitalization of $5.73 billion, a PE ratio of 26.69 and a beta of 1.38. The stock has a 50 day moving average of $51.82 and a 200-day moving average of $64.74. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $93.40.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s quarterly revenue was down 34.7% on a year-over-year basis. As a group, analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LSCC shares. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Needham & Company LLC dropped their target price on shares of Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.17.

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.