Brooklyn Investment Group Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,683 shares of the semiconductor company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LSCC. Blue Trust Inc. lifted its stake in shares of Lattice Semiconductor by 186.5% in 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. Swedbank AB purchased a new stake in Lattice Semiconductor in the 1st quarter valued at about $4,186,000. Stephens Investment Management Group LLC lifted its position in Lattice Semiconductor by 22.2% in the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares during the last quarter. Marshall Financial Group LLC purchased a new position in Lattice Semiconductor during the second quarter worth about $721,000. Finally, Cetera Investment Advisers increased its position in shares of Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after acquiring an additional 13,236 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 0.6 %

Shares of NASDAQ LSCC opened at $56.32 on Friday. The stock has a market cap of $7.77 billion, a PE ratio of 54.68 and a beta of 1.39. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The business has a 50-day moving average price of $52.57 and a 200 day moving average price of $55.28.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LSCC shares. Raymond James lowered their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird dropped their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,226 shares of company stock valued at $314,838. Insiders own 1.19% of the company’s stock.

About Lattice Semiconductor

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.