Lattice Semiconductor Co. (NASDAQ:LSCC) Position Raised by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 3,790.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,277 shares of the semiconductor company’s stock after buying an additional 30,473 shares during the quarter. Van ECK Associates Corp’s holdings in Lattice Semiconductor were worth $1,814,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LSCC. American National Bank acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of Lattice Semiconductor during the first quarter valued at $30,000. Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at $31,000. West Oak Capital LLC increased its holdings in shares of Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Lattice Semiconductor by 82.4% during the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 333 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on LSCC shares. Benchmark reissued a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Thursday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $88.00 target price (up from $84.00) on shares of Lattice Semiconductor in a report on Monday, May 13th. TD Cowen lowered their target price on Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Thursday, August 8th. Finally, Susquehanna lowered their target price on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Lattice Semiconductor Trading Down 2.9 %

Shares of LSCC opened at $41.64 on Friday. The business’s 50-day moving average price is $52.15 and its 200 day moving average price is $64.96. The stock has a market capitalization of $5.73 billion, a P/E ratio of 26.69 and a beta of 1.39. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $93.40.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $730,732.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated 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 in the company, valued at approximately $730,732.62. The sale was disclosed in a filing with the SEC, which can be accessed 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 sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.