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

Key Points

• Wealthquest Corp acquired 62,754 shares of Lattice Semiconductor Corporation for about $3.29 million in the first quarter, indicating growing institutional interest in the company.
• Lattice Semiconductor reported earnings of $0.22 per share for the last quarter, meeting analysts' expectations but showing a 14.7% year-over-year revenue decline.
• Major financial institutions have increased their stakes in Lattice Semiconductor, with over 98% of shares owned by institutional investors and hedge funds.

Wealthquest Corp bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the first quarter, according to the company in its most recent 13F 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Lattice Semiconductor by 8.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,794 shares of the semiconductor company's stock worth $514,000 after purchasing an additional 787 shares during the period. SG Americas Securities LLC grew its stake in Lattice Semiconductor by 326.8% in the first quarter. SG Americas Securities LLC now owns 7,824 shares of the semiconductor company's stock worth $410,000 after purchasing an additional 5,991 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Lattice Semiconductor in the first quarter worth $566,000. Teacher Retirement System of Texas purchased a new stake in shares of Lattice Semiconductor in the first quarter worth $1,058,000. Finally, GAMMA Investing LLC grew its stake in shares of Lattice Semiconductor by 53.0% in the first quarter. GAMMA Investing LLC now owns 4,166 shares of the semiconductor company's stock worth $219,000 after acquiring an additional 1,443 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on LSCC. TD Cowen increased their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Robert W. Baird increased their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Benchmark reissued a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Loop Capital cut their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, Lattice Semiconductor currently has an average rating of "Moderate Buy" and a consensus target price of $64.50.

Insider Buying and Selling at Lattice Semiconductor

In other news, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director directly owned 8,084 shares of the company's stock, valued at approximately $420,610.52. This represents a 7.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction dated 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 directly owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Lattice Semiconductor Trading Up 0.2%

LSCC traded up $0.11 during trading on Monday, hitting $49.10. The company's stock had a trading volume of 2,035,819 shares, compared to its average volume of 2,600,342. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The business's fifty day simple moving average is $50.47 and its 200 day simple moving average is $53.00. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 132.84, a P/E/G ratio of 3.30 and a beta of 1.52.

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 for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The business had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. During the same quarter last year, the business posted $0.29 earnings per share. The business's quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities research analysts forecast 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.