Lattice Semiconductor Co. (NASDAQ:LSCC) Position Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,393 shares of the semiconductor company’s stock after purchasing an additional 9,215 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Lattice Semiconductor were worth $25,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in shares of Lattice Semiconductor in the first quarter valued at $30,000. American National Bank acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth $28,000. Principal Securities Inc. purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at $31,000. GAMMA Investing LLC increased its stake in Lattice Semiconductor by 82.4% in the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 333 shares in the last quarter. Finally, West Oak Capital LLC raised its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSCC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Needham & Company LLC cut their target price on shares of Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. TD Cowen decreased their target price on Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Susquehanna lowered their price target on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Finally, KeyCorp reduced their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Lattice Semiconductor Price Performance

LSCC opened at $44.79 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 28.71 and a beta of 1.38. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $92.23. The business has a 50-day moving average of $50.11 and a 200-day moving average of $63.62.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data 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 business had revenue of $124.08 million for the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. Lattice Semiconductor’s revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value 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 $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.