22,470 Lattice Semiconductor Corporation $LSCC Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 61.8% during the third quarter, Holdings Channel.com reports. The fund owned 13,895 shares of the semiconductor company’s stock after selling 22,470 shares during the period. Lisanti Capital Growth LLC’s holdings in Lattice Semiconductor were worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its position in shares of Lattice Semiconductor by 54.4% during the 3rd quarter. Ritholtz Wealth Management now owns 4,413 shares of the semiconductor company’s stock valued at $554,000 after acquiring an additional 1,555 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Lattice Semiconductor in the third quarter worth $352,000. Illinois Municipal Retirement Fund increased its position in shares of Lattice Semiconductor by 61.7% in the third quarter. Illinois Municipal Retirement Fund now owns 30,962 shares of the semiconductor company’s stock worth $3,889,000 after purchasing an additional 11,811 shares during the period. New York Life Investment Management LLC increased its position in shares of Lattice Semiconductor by 20.3% in the third quarter. New York Life Investment Management LLC now owns 20,391 shares of the semiconductor company’s stock worth $2,562,000 after purchasing an additional 3,444 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in Lattice Semiconductor in the third quarter valued at about $671,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

LSCC stock opened at $122.77 on Thursday. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 114.69 and a beta of 1.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.46. The company has a 50 day simple moving average of $113.92 and a 200 day simple moving average of $116.28. Lattice Semiconductor Corporation has a 1 year low of $60.50 and a 1 year high of $157.01.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The firm had revenue of $291.04 million for the quarter, compared to analyst estimates of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The company’s quarterly revenue was up 118.3% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. Research analysts anticipate that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

LSCC has been the subject of a number of analyst reports. Wall Street Zen downgraded Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 18th. Jefferies Financial Group increased their price objective on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Benchmark initiated coverage on shares of Lattice Semiconductor in a report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 target price on the stock. Robert W. Baird set a $195.00 target price on shares of Lattice Semiconductor in a report on Tuesday, November 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Buy” and an average target price of $166.82.

Insider Activity at Lattice Semiconductor

In other news, Director Elizabeth Schwarting sold 450 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $113.03, for a total value of $50,863.50. Following the completion of the transaction, the director directly owned 6,186 shares in the company, valued at approximately $699,203.58. This represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Feanny sold 1,880 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the sale, the senior vice president directly owned 60,221 shares in the company, valued at approximately $7,613,741.03. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,111 shares of company stock valued at $2,638,123. 0.62% of the stock is owned by company insiders.

About Lattice Semiconductor

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.