Twinbeech Capital LP Makes New $1.86 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Twinbeech Capital LP purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 32,783 shares of the semiconductor company’s stock, valued at approximately $1,857,000.

A number of other hedge funds have also recently made changes to their positions in LSCC. T. Rowe Price Investment Management Inc. increased its position in shares of Lattice Semiconductor by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after purchasing an additional 478,440 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after buying an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Lattice Semiconductor by 291.0% in 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 buying an additional 4,676,100 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after buying an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after acquiring an additional 216,617 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares of the company’s stock, valued at $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor 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 in the company, valued at approximately $7,838,755.86. This trade represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,490 shares of company stock worth $777,363 in the last 90 days. Company insiders own 1.19% of the company’s stock.

Lattice Semiconductor Stock Down 7.6%

Shares of NASDAQ LSCC opened at $46.54 on Thursday. The firm’s fifty day moving average is $49.84 and its 200 day moving average is $55.25. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.29. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 105.78, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analysts’ expectations of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LSCC. KeyCorp reduced their target price on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Rosenblatt Securities reiterated a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Susquehanna upped 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. Finally, Loop Capital decreased their price target on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.15.

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.