HighTower Advisors LLC Has $267,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

HighTower Advisors LLC lifted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,141 shares of the semiconductor company’s stock after acquiring an additional 348 shares during the quarter. HighTower Advisors LLC’s holdings in Lattice Semiconductor were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American National Bank & Trust lifted its stake in Lattice Semiconductor by 5,064.3% in the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 709 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $53,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 407 shares during the last quarter. Brooklyn Investment Group acquired a new position in Lattice Semiconductor in the third quarter worth $89,000. Finally, nVerses Capital LLC lifted its holdings in Lattice Semiconductor by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the semiconductor company’s stock worth $110,000 after buying an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LSCC shares. Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock valued at $490,534 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Up 3.9 %

Shares of Lattice Semiconductor stock opened at $60.12 on Tuesday. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 58.37 and a beta of 1.42. The firm’s 50-day moving average price is $55.15 and its two-hundred day moving average price is $53.63. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, sell-side analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

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.