Ellevest Inc. Raises Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Ellevest Inc. raised its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 51.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,729 shares of the semiconductor company’s stock after buying an additional 4,306 shares during the period. Ellevest Inc.’s holdings in Lattice Semiconductor were worth $721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after acquiring an additional 372,301 shares during the period. Tidal Investments LLC lifted its stake in shares of Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after purchasing an additional 224 shares during the period. Oak Thistle LLC purchased a new position in shares of Lattice Semiconductor in the fourth quarter worth approximately $804,000. Park Avenue Securities LLC grew its position in Lattice Semiconductor by 19.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 796 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Lattice Semiconductor by 31.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company’s stock valued at $1,928,000 after buying an additional 8,171 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Stock Performance

LSCC stock opened at $49.65 on Friday. The company’s fifty day moving average price is $51.15 and its 200-day moving average price is $55.30. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $78.29. The company has a market capitalization of $6.83 billion, a PE ratio of 112.84, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business 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 business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. On average, research analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the 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 transaction, the director now owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 2,890 shares of the business’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 completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LSCC has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday. TD Cowen upped their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital lowered their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.93.

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.