Virtu Financial LLC Has $1.33 Million Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Virtu Financial LLC significantly increased its stake in Lattice Semiconductor Corporation by 461.6% in Q1, acquiring an additional 20,795 shares, bringing its total to 25,300 shares valued at approximately $1.3 million.
• Several large investors, such as Invesco Ltd. and Townsquare Capital LLC, have also boosted their holdings in Lattice, highlighting strong institutional interest in the company.
• Lattice Semiconductor reported $0.24 earnings per share in its latest quarterly earnings, meeting analysts' expectations, with revenues slightly down from the previous year despite positive performance metrics.

Virtu Financial LLC boosted its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 461.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,300 shares of the semiconductor company's stock after buying an additional 20,795 shares during the period. Virtu Financial LLC's holdings in Lattice Semiconductor were worth $1,327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in Lattice Semiconductor by 65.7% during the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Lattice Semiconductor by 209.2% in the 1st 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 during the period. Picton Mahoney Asset Management bought a new stake in shares of Lattice Semiconductor during the first quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $52,000. Finally, UMB Bank n.a. raised its stake in Lattice Semiconductor by 114.6% in the 1st quarter. UMB Bank n.a. now owns 1,414 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 755 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LSCC. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Loop Capital reduced their price target on shares of Lattice Semiconductor from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Rosenblatt Securities reissued a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, August 5th. Finally, Robert W. Baird upped their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.58.

Insider Buying and Selling

In other news, CAO Tonya Stevens sold 3,439 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $64.92, for a total value of $223,259.88. Following the transaction, the chief accounting officer directly owned 87,776 shares of the company's stock, valued at $5,698,417.92. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company's stock.

Lattice Semiconductor Stock Down 2.6%

LSCC traded down $1.67 during midday trading on Thursday, hitting $63.55. 2,288,263 shares of the company were exchanged, compared to its average volume of 2,697,456. The firm's 50 day moving average price is $52.54 and its 200-day moving average price is $53.10. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55. The firm has a market capitalization of $8.70 billion, a P/E ratio of 276.32, a P/E/G ratio of 4.65 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The business had revenue of $123.97 million during the quarter, compared to the consensus estimate of $123.60 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

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.