Allworth Financial LP Purchases 222 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Allworth Financial LP lifted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 65.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 560 shares of the semiconductor company’s stock after purchasing an additional 222 shares during the quarter. Allworth Financial LP’s holdings in Lattice Semiconductor were worth $28,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in Lattice Semiconductor by 5.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company’s stock valued at $170,000 after buying an additional 163 shares during the period. Global X Japan Co. Ltd. boosted its holdings in shares of Lattice Semiconductor by 2.3% during the first quarter. Global X Japan Co. Ltd. now owns 11,441 shares of the semiconductor company’s stock worth $600,000 after purchasing an additional 252 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 7.1% during the first quarter. Resonant Capital Advisors LLC now owns 4,215 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 280 shares during the period. New Mexico Educational Retirement Board boosted its holdings in shares of Lattice Semiconductor by 1.1% during the first quarter. New Mexico Educational Retirement Board now owns 28,300 shares of the semiconductor company’s stock worth $1,484,000 after purchasing an additional 300 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company’s stock worth $1,388,000 after purchasing an additional 301 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $53.03 on Friday. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $70.55. The firm’s fifty day moving average is $50.28 and its 200 day moving average is $53.29. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 143.32, a price-to-earnings-growth ratio of 3.57 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities research analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 700 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director owned 8,084 shares of the company’s stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the sale, the senior vice president directly owned 87,106 shares of the company’s stock, valued at $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on LSCC shares. Loop Capital lowered their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Rosenblatt Securities restated a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. KeyCorp lowered their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, TD Cowen raised their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.15.

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.