CWC Advisors LLC. Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

CWC Advisors LLC. acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,380 shares of the semiconductor company’s stock, valued at approximately $339,000.

Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its holdings in shares of Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Lattice Semiconductor by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock worth $81,582,000 after acquiring an additional 30,642 shares during the last quarter. Rokos Capital Management LLP raised its holdings in Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after buying an additional 1,141,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after buying an additional 426,511 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $54.34 on Friday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The stock’s 50-day simple moving average is $49.56 and its 200 day simple moving average is $58.40. The stock has a market capitalization of $7.49 billion, a P/E ratio of 39.96 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on LSCC. Raymond James upgraded shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Thursday, August 8th. Bank of America downgraded shares of 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 research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. KeyCorp reduced their price objective on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.08.

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.