Wealthquest Corp Buys New Stake in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Wealthquest Corp bought a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 62,754 shares of the semiconductor company's stock, valued at approximately $3,291,000. Lattice Semiconductor comprises about 0.3% of Wealthquest Corp's investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in LSCC. MassMutual Private Wealth & Trust FSB increased its stake in Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 410 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 370 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $52,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $57,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

LSCC traded down $0.31 on Friday, reaching $50.19. The company's stock had a trading volume of 1,822,195 shares, compared to its average volume of 2,630,563. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 135.65, a price-to-earnings-growth ratio of 3.40 and a beta of 1.52. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $70.55. The business's 50 day moving average is $48.81 and its 200 day moving average is $54.20.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million during the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. Lattice Semiconductor's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, research analysts forecast that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was 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 of the company's stock, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on LSCC. KeyCorp dropped their price target on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Raymond James Financial reiterated an "outperform" rating and issued a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Loop Capital lowered their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

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.