EverSource Wealth Advisors LLC Grows Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

EverSource Wealth Advisors LLC raised its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 105.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,454 shares of the semiconductor company’s stock after buying an additional 748 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Lattice Semiconductor were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LSCC. Van ECK Associates Corp lifted its position in shares of Lattice Semiconductor by 95.1% in the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 174 shares in the last quarter. Rise Advisors LLC purchased a new position in Lattice Semiconductor during the first quarter worth approximately $30,000. American National Bank purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $28,000. GAMMA Investing LLC purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $28,000. Finally, Principal Securities Inc. purchased a new position in Lattice Semiconductor during the fourth quarter worth approximately $31,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares of the company’s stock, valued at $132,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,566 shares of company stock valued at $3,664,529. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC traded down $0.59 during mid-day trading on Tuesday, reaching $43.83. The company had a trading volume of 1,398,727 shares, compared to its average volume of 2,283,127. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 12.19 and a beta of 1.39. Lattice Semiconductor Co. has a 52 week low of $41.65 and a 52 week high of $98.30. The firm has a 50-day moving average price of $60.33 and a 200 day moving average price of $68.41.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LSCC. KeyCorp dropped 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. Susquehanna dropped their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research note on Tuesday, July 30th. Robert W. Baird lifted their price objective on Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.55.

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.