Lattice Semiconductor Corporation $LSCC Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 61.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,895 shares of the semiconductor company’s stock after selling 22,470 shares during the period. Lisanti Capital Growth LLC’s holdings in Lattice Semiconductor were worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Ritholtz Wealth Management boosted its holdings in shares of Lattice Semiconductor by 54.4% in the 3rd quarter. Ritholtz Wealth Management now owns 4,413 shares of the semiconductor company’s stock valued at $554,000 after buying an additional 1,555 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Lattice Semiconductor during the third quarter worth $352,000. Illinois Municipal Retirement Fund increased its holdings in Lattice Semiconductor by 61.7% during the third quarter. Illinois Municipal Retirement Fund now owns 30,962 shares of the semiconductor company’s stock worth $3,889,000 after buying an additional 11,811 shares during the last quarter. New York Life Investment Management LLC increased its holdings in Lattice Semiconductor by 20.3% during the third quarter. New York Life Investment Management LLC now owns 20,391 shares of the semiconductor company’s stock worth $2,562,000 after buying an additional 3,444 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in Lattice Semiconductor during the third quarter worth $671,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 450 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $113.03, for a total value of $50,863.50. Following the completion of the sale, the director owned 6,186 shares of the company’s stock, valued at $699,203.58. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy Feanny sold 1,880 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total transaction of $237,688.40. Following the transaction, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. The trade was a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 20,111 shares of company stock worth $2,638,123. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on LSCC shares. TD Cowen lowered their price objective on shares of Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Wall Street Zen cut shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 18th. KeyCorp raised their target price on shares of Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Benchmark initiated coverage on Lattice Semiconductor in a report on Tuesday, August 25th. They set a “buy” rating and a $160.00 price target for the company. Finally, Robert W. Baird set a $195.00 price target on Lattice Semiconductor in a report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $166.82.

Lattice Semiconductor Stock Up 10.4%

LSCC stock opened at $122.77 on Thursday. Lattice Semiconductor Corporation has a fifty-two week low of $60.50 and a fifty-two week high of $157.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.46. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 114.69 and a beta of 1.90. The business’s fifty day moving average price is $113.92 and its two-hundred day moving average price is $116.28.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The company had revenue of $291.04 million during the quarter, compared to analysts’ expectations of $255.90 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Lattice Semiconductor’s quarterly revenue was up 118.3% on a year-over-year basis. On average, equities analysts anticipate that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current year.

Lattice Semiconductor Company Profile

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.