Mirabella Financial Services LLP Purchases Shares of 20,680 Lattice Semiconductor Co. (NASDAQ:LSCC)

Mirabella Financial Services LLP acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,680 shares of the semiconductor company’s stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LSCC. Truvestments Capital LLC bought a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $213,000. Westfield Capital Management Co. LP bought a new position in Lattice Semiconductor in the 3rd quarter valued at $38,194,000. Larson Financial Group LLC boosted its stake in Lattice Semiconductor by 38.3% in the third quarter. Larson Financial Group LLC now owns 4,437 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 1,228 shares in the last quarter. Algert Global LLC bought a new stake in shares of Lattice Semiconductor during the third quarter worth $728,000. Finally, Eagle Asset Management Inc. increased its stake in shares of Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after buying an additional 38,826 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were 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 in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction 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. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LSCC has been the topic of a number of research analyst reports. TD Cowen decreased their price objective on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James lowered their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Finally, Susquehanna dropped their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $57.48 on Tuesday. The company has a market capitalization of $7.93 billion, a PE ratio of 55.81 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 company has a 50 day moving average price of $52.34 and a two-hundred day moving average price of $55.36.

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

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.