nVerses Capital LLC Grows Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

nVerses Capital LLC raised its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1,800.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,900 shares of the semiconductor company’s stock after acquiring an additional 1,800 shares during the period. nVerses Capital LLC’s holdings in Lattice Semiconductor were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in shares of Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Lattice Semiconductor in the 1st quarter worth $30,000. American National Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $28,000. Finally, Principal Securities Inc. purchased a new position in Lattice Semiconductor during the fourth quarter worth about $31,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Price Performance

LSCC stock opened at $43.05 on Wednesday. Lattice Semiconductor Co. has a 12 month low of $41.65 and a 12 month high of $97.43. The firm has a market capitalization of $5.92 billion, a PE ratio of 27.60 and a beta of 1.39. The company’s 50 day simple moving average is $52.70 and its 200-day simple moving average is $65.27.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s revenue was down 34.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Benchmark reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Susquehanna decreased their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Stifel Nicolaus cut their price target on shares of Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating for the company in a report on Tuesday, July 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $65.17.

About Lattice Semiconductor

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.