Truvestments Capital LLC Takes $213,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Truvestments Capital LLC acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,021 shares of the semiconductor company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of LSCC. American National Bank & Trust increased its holdings in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after buying an additional 709 shares during the last quarter. West Oak Capital LLC increased its stake in Lattice Semiconductor by 220.0% during the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Lattice Semiconductor during the third quarter worth $53,000. Blue Trust Inc. raised its position in Lattice Semiconductor by 186.5% in the second 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 period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 407 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lattice Semiconductor 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 transaction of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on LSCC. KeyCorp dropped their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Susquehanna cut their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird decreased their price target on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Stock Up 6.0 %

Shares of NASDAQ:LSCC opened at $57.48 on Tuesday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm’s 50 day moving average price is $52.34 and its 200 day moving average price is $55.36. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 55.81 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting 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 was down 33.9% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

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.