Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC grew its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 6.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 25,833 shares of the semiconductor company’s stock after buying an additional 1,554 shares during the period. Inspire Investing LLC’s holdings in Lattice Semiconductor were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LSCC. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares during the last quarter. Norden Group LLC lifted its holdings in shares of Lattice Semiconductor by 1,196.1% during the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock worth $5,212,000 after purchasing an additional 61,478 shares during the period. Swedbank AB purchased a new stake in Lattice Semiconductor in the first quarter valued at approximately $4,186,000. BNP Paribas Financial Markets increased its holdings in Lattice Semiconductor by 28.9% in the 1st quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company’s stock worth $45,956,000 after buying an additional 131,881 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Lattice Semiconductor by 21.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,605 shares of the semiconductor company’s stock worth $12,763,000 after buying an additional 28,041 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent research reports. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Thursday, August 8th. Susquehanna cut their price target on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, September 17th. Finally, KeyCorp reduced their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $52.07 on Monday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 33.38 and a beta of 1.39. The stock has a 50 day simple moving average of $48.39 and a 200-day simple moving average of $59.98.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue was down 34.7% on a year-over-year basis. Analysts anticipate that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

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.