Park Avenue Securities LLC Grows Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Park Avenue Securities LLC boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 19.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,924 shares of the semiconductor company’s stock after acquiring an additional 796 shares during the quarter. Park Avenue Securities LLC’s holdings in Lattice Semiconductor were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Oak Thistle LLC acquired a new stake in Lattice Semiconductor during the fourth quarter worth $804,000. GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 27.9% during the 4th quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after buying an additional 594 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Lattice Semiconductor during the third quarter worth approximately $789,000. Tidal Investments LLC raised its holdings in shares of Lattice Semiconductor by 2.0% in the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after buying an additional 224 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Lattice Semiconductor by 1.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 41,941 shares of the semiconductor company’s stock worth $2,226,000 after purchasing an additional 742 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $57.26 on Friday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a market cap of $7.90 billion, a P/E ratio of 55.59 and a beta of 1.41. The company has a fifty day moving average price of $57.61 and a two-hundred day moving average price of $53.28.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on LSCC. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC lifted their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. KeyCorp lifted their price objective on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday. Raymond James lowered their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Insider Activity at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock valued at $596,502 in the last 90 days. 1.80% of the stock is owned by corporate 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.