RiverPark Advisors LLC Has $296,000 Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

RiverPark Advisors LLC raised its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 361.3% in the 1st quarter, HoldingsChannel reports. The firm owned 3,787 shares of the semiconductor company’s stock after buying an additional 2,966 shares during the period. RiverPark Advisors LLC’s holdings in Lattice Semiconductor were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Lattice Semiconductor by 95.1% during the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after buying an additional 174 shares during the period. Rise Advisors LLC bought a new position in Lattice Semiconductor during the 1st quarter worth $30,000. American National Bank bought a new position in Lattice Semiconductor during the 4th quarter worth $28,000. GAMMA Investing LLC bought a new position in Lattice Semiconductor during the 4th quarter worth $28,000. Finally, Principal Securities Inc. bought a new position in Lattice Semiconductor during the 4th quarter worth $31,000. Institutional investors own 98.08% of the company’s stock.

Insider Activity

In other news, CEO James Robert Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares in the company, valued at $57,037,564.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The disclosure for this sale can be found here. Insiders sold a total of 49,566 shares of company stock worth $3,664,529 over the last quarter. 1.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LSCC. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Susquehanna raised their price target on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a research report on Tuesday, April 30th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Bank of America raised their price target on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.09.

Lattice Semiconductor Trading Down 3.1 %

LSCC stock traded down $1.92 during mid-day trading on Tuesday, reaching $59.75. The company’s stock had a trading volume of 2,203,755 shares, compared to its average volume of 2,140,595. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 13.34 and a beta of 1.39. The business’s 50 day moving average price is $66.18 and its 200 day moving average price is $69.90. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $140.82 million during the quarter, compared to the consensus estimate of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.

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.