Resonant Capital Advisors LLC Takes $207,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Resonant Capital Advisors LLC purchased a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,905 shares of the semiconductor company’s stock, valued at approximately $207,000.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LSCC shares. Raymond James upgraded shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Susquehanna dropped their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a report on Tuesday, July 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Performance

LSCC opened at $52.25 on Tuesday. The firm’s fifty day moving average is $49.14 and its two-hundred day moving average is $58.78. The firm has a market cap of $7.19 billion, a PE ratio of 33.49 and a beta of 1.39. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69.

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