Avior Wealth Management LLC Purchases New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Avior Wealth Management LLC purchased a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,045 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LSCC. William Blair Investment Management LLC bought a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $122,597,000. Norges Bank bought a new stake in Lattice Semiconductor in the 4th quarter worth approximately $87,617,000. 1832 Asset Management L.P. grew its position in Lattice Semiconductor by 707.8% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock worth $98,203,000 after purchasing an additional 901,000 shares during the period. FMR LLC grew its position in Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after purchasing an additional 807,562 shares during the period. Finally, Robeco Schweiz AG grew its position in Lattice Semiconductor by 96.0% in the 1st quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock worth $93,314,000 after purchasing an additional 750,000 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 3.2 %

Shares of LSCC stock opened at $66.51 on Friday. The stock has a market cap of $9.15 billion, a P/E ratio of 35.95, a PEG ratio of 15.50 and a beta of 1.38. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30. The company’s fifty day simple moving average is $75.98 and its two-hundred day simple moving average is $69.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders have sold a total of 43,741 shares of company stock worth $3,225,795 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Susquehanna dropped their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research note on Tuesday, February 13th. KeyCorp lifted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Benchmark lifted their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.00.

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.