MBB Public Markets I LLC Invests $565,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

MBB Public Markets I LLC acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,745 shares of the semiconductor company’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Lattice Semiconductor by 11.5% in the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 152 shares in the last quarter. Covestor Ltd increased its holdings in Lattice Semiconductor by 16.1% during the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 266 shares in the last quarter. Swedbank AB raised its position in Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after acquiring an additional 300 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Lattice Semiconductor by 10.2% in the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 308 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 333 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the 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 transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $51.31 on Wednesday. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $87.64. The firm’s 50 day moving average price is $48.50 and its two-hundred day moving average price is $61.48. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 32.89 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share 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 analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. On average, research analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of recent research reports. Susquehanna dropped their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, TD Cowen upgraded Lattice Semiconductor to a “strong-buy” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.08.

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.