Hennion & Walsh Asset Management Inc. Raises Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,040 shares of the semiconductor company’s stock after purchasing an additional 8,171 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Lattice Semiconductor were worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Tidal Investments LLC grew its stake in 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 acquiring an additional 224 shares during the period. HighTower Advisors LLC grew its stake in Lattice Semiconductor by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 348 shares during the period. Financial Advocates Investment Management grew its stake in Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares during the period. Toronto Dominion Bank grew its stake in Lattice Semiconductor by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock worth $833,000 after acquiring an additional 422 shares during the period. Finally, Entropy Technologies LP grew its stake in Lattice Semiconductor by 5.6% in the 3rd quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 434 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.54, for a total value of $68,543.84. Following the transaction, the senior vice president now owns 365 shares in the company, valued at $22,827.10. The trade was a 75.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock worth $596,502 in the last quarter. 1.19% of the stock is owned by corporate insiders.

Lattice Semiconductor Trading Up 3.4 %

NASDAQ:LSCC opened at $58.31 on Friday. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 56.61 and a beta of 1.41. The firm’s fifty day simple moving average is $56.82 and its 200 day simple moving average is $53.41. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on LSCC shares. Needham & Company LLC lifted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird boosted their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, TD Cowen lowered their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Lattice Semiconductor 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.