Wealthquest Corp Buys Shares of 62,754 Lattice Semiconductor Corporation (NASDAQ:LSCC)

Wealthquest Corp acquired a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,754 shares of the semiconductor company's stock, valued at approximately $3,291,000. Lattice Semiconductor accounts for approximately 0.3% of Wealthquest Corp's investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock worth $1,592,000 after acquiring an additional 800 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Lattice Semiconductor by 326.8% in the 1st quarter. SG Americas Securities LLC now owns 7,824 shares of the semiconductor company's stock valued at $410,000 after purchasing an additional 5,991 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after buying an additional 29,516 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Lattice Semiconductor during the fourth quarter worth approximately $834,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Lattice Semiconductor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LSCC. Wall Street Zen cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Raymond James Financial reiterated an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen increased their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 target price on Lattice Semiconductor in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Lattice Semiconductor has an average rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Stock Down 0.6%

Shares of NASDAQ:LSCC traded down $0.31 during trading on Thursday, reaching $50.50. The stock had a trading volume of 2,367,754 shares, compared to its average volume of 2,628,641. The stock has a fifty day simple moving average of $48.62 and a two-hundred day simple moving average of $54.26. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 136.49, a P/E/G ratio of 3.44 and a beta of 1.52. Lattice Semiconductor Corporation has a 52 week low of $34.69 and a 52 week high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share 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 firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The business's revenue was down 14.7% compared to the same quarter last year. On average, analysts forecast that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Insider Activity

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business'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 directly owns 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's 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 trade 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.

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.