Ariadne Wealth Management LP Takes $2.09 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Ariadne Wealth Management LP bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 36,048 shares of the semiconductor company’s stock, valued at approximately $2,090,000. Lattice Semiconductor accounts for approximately 1.1% of Ariadne Wealth Management LP’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in Lattice Semiconductor during the 1st quarter valued at about $30,000. West Oak Capital LLC increased its stake in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares in the last quarter. 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 buying an additional 333 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 748 shares during the last quarter. Finally, Davidson Capital Management Inc. bought a new position in shares of Lattice Semiconductor in the 1st quarter valued at about $78,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’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 through this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction 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 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 the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, 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 Trading Down 0.8 %

Lattice Semiconductor stock opened at $53.07 on Tuesday. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $87.64. The company’s 50-day moving average price is $48.62 and its two-hundred day moving average price is $61.65. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 34.02 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results 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). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue was down 34.7% on a year-over-year basis. Research analysts expect that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Bank of America cut shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, September 17th. Finally, KeyCorp lowered their price objective on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Company 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.