RiverPark Advisors LLC Purchases 1,966 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

RiverPark Advisors LLC raised its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 85.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,280 shares of the semiconductor company’s stock after purchasing an additional 1,966 shares during the quarter. RiverPark Advisors LLC’s holdings in Lattice Semiconductor were worth $227,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its position in Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 619 shares during the last quarter. Pier 88 Investment Partners LLC raised its position in Lattice Semiconductor by 10.3% in the third quarter. Pier 88 Investment Partners LLC now owns 18,955 shares of the semiconductor company’s stock valued at $1,006,000 after purchasing an additional 1,767 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Lattice Semiconductor by 10.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 1,113 shares during the last quarter. Entropy Technologies LP raised its position in Lattice Semiconductor by 5.6% in the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 434 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in Lattice Semiconductor in the third quarter valued at about $2,674,000. 98.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction 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 owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 18.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This trade represents a 7.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on LSCC shares. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. TD Cowen lowered their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $49.23 on Friday. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a 50 day moving average price of $51.45 and a two-hundred day moving average price of $56.21. The stock has a market capitalization of $6.79 billion, a PE ratio of 47.80 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. Research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

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.