Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC reduced its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,660 shares of the semiconductor company’s stock after selling 10,295 shares during the period. Pier 88 Investment Partners LLC’s holdings in Lattice Semiconductor were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LSCC. Wellington Management Group LLP raised its holdings in shares of Lattice Semiconductor by 42.7% during the 4th quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company’s stock valued at $30,144,000 after buying an additional 159,242 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Lattice Semiconductor in the fourth quarter valued at approximately $219,000. Orion Portfolio Solutions LLC raised its stake in shares of Lattice Semiconductor by 2.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 25,917 shares of the semiconductor company’s stock valued at $1,468,000 after purchasing an additional 530 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth $2,817,000. Finally, Norges Bank purchased a new position in shares of Lattice Semiconductor in the fourth quarter valued at $88,674,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $55.30 on Monday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $80.13. The company has a fifty day moving average price of $60.41 and a two-hundred day moving average price of $56.68. The company has a market cap of $7.61 billion, a PE ratio of 125.68, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last posted 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 net margin of 12.00% and a return on equity of 11.22%. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Benchmark increased their price target on 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 raised their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price 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 eleven have assigned a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is currently owned by insiders.

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.