Oak Thistle LLC bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,195 shares of the semiconductor company's stock, valued at approximately $804,000.
Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust raised its position in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock worth $38,000 after buying an additional 709 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the third quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new stake in Lattice Semiconductor in the 3rd quarter worth $89,000. GAMMA Investing LLC raised its position in Lattice Semiconductor by 257.8% during the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company's stock worth $113,000 after acquiring an additional 1,534 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Lattice Semiconductor by 76.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,572 shares of the semiconductor company's stock valued at $136,000 after purchasing an additional 1,118 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.
Insider Buying and Selling at Lattice Semiconductor
In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares of the company's stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 over the last 90 days. Corporate insiders own 1.19% of the company's stock.
Analysts Set New Price Targets
LSCC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC upped their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, December 11th. Finally, Raymond James cut their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.
Read Our Latest Stock Analysis on Lattice Semiconductor
Lattice Semiconductor Trading Down 1.6 %
NASDAQ:LSCC traded down $0.90 during mid-day trading on Thursday, hitting $56.38. The stock had a trading volume of 1,652,416 shares, compared to its average volume of 1,589,235. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The stock has a 50-day simple moving average of $56.72 and a two-hundred day simple moving average of $53.39. The company has a market capitalization of $7.78 billion, a PE ratio of 54.74 and a beta of 1.41.
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company's revenue was down 33.9% compared to the same quarter last year. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.
About Lattice Semiconductor
(
Free Report)
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.
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