Azzad Asset Management Inc. ADV Buys New Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Azzad Asset Management Inc. ADV acquired a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,909 shares of the semiconductor company's stock, valued at approximately $1,464,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Lattice Semiconductor by 209.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 410 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $52,000. 98.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the transaction, the director now owns 8,084 shares in the company, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.

Lattice Semiconductor Trading Up 4.0%

LSCC stock traded up $1.96 during midday trading on Wednesday, reaching $50.84. The company had a trading volume of 1,613,174 shares, compared to its average volume of 2,624,240. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The company has a market capitalization of $6.99 billion, a P/E ratio of 136.85, a PEG ratio of 3.22 and a beta of 1.52. The company has a 50 day moving average of $47.76 and a two-hundred day moving average of $54.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The company had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company's revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LSCC shares. Loop Capital decreased their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. TD Cowen raised their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. KeyCorp reduced their target price on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Rosenblatt Securities restated a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Benchmark restated a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

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.