Rise Advisors LLC Invests $30,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Rise Advisors LLC bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 378 shares of the semiconductor company’s stock, valued at approximately $30,000.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. American National Bank acquired a new stake in Lattice Semiconductor during the 4th quarter valued at $28,000. GAMMA Investing LLC acquired a new stake in Lattice Semiconductor during the 4th quarter valued at $28,000. Principal Securities Inc. acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at $31,000. Finally, Blue Trust Inc. increased its stake in shares of Lattice Semiconductor by 129.4% in the 4th quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 339 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $59.76 on Friday. The stock’s 50-day simple moving average is $69.19 and its 200 day simple moving average is $70.37. The company has a market cap of $8.22 billion, a P/E ratio of 38.31, a P/E/G ratio of 13.06 and a beta of 1.44. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The company had revenue of $140.82 million for the quarter, compared to the consensus estimate of $140.08 million. As a group, equities analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the transaction, the chief executive officer now owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares of the company’s stock, valued at $132,864. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,566 shares of company stock valued at $3,664,529. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LSCC shares. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Bank of America raised their price target on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Benchmark raised their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Susquehanna raised their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.09.

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.