Virtu Financial LLC Invests $255,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Virtu Financial LLC bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,505 shares of the semiconductor company’s stock, valued at approximately $255,000.

Several other institutional investors have also recently bought and sold shares of LSCC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lattice Semiconductor by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock worth $48,287,000 after buying an additional 22,770 shares during the last quarter. Algert Global LLC bought a new position in Lattice Semiconductor during the third quarter worth $728,000. Bank of Montreal Can raised its stake in Lattice Semiconductor by 265.8% during the 3rd quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company’s stock valued at $7,690,000 after purchasing an additional 104,400 shares during the last quarter. Brooklyn Investment Group bought a new stake in Lattice Semiconductor in the 3rd quarter valued at $89,000. Finally, Bridgewater Associates LP grew its position in Lattice Semiconductor by 53.9% in the 3rd quarter. Bridgewater Associates LP now owns 40,808 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 14,294 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $55.30 on Friday. The stock’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $56.50. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $80.13. The firm has a market cap of $7.61 billion, a PE ratio of 125.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. This represents a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,740 shares of company stock valued at $943,026. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LSCC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Robert W. Baird raised their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. KeyCorp upped their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Benchmark boosted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

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.