Mirabella Financial Services LLP Acquires Shares of 20,680 Lattice Semiconductor Co. (NASDAQ:LSCC)

Mirabella Financial Services LLP acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,680 shares of the semiconductor company’s stock, valued at approximately $1,061,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rokos Capital Management LLP grew its stake in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after buying an additional 1,141,230 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $38,194,000. William Blair Investment Management LLC boosted its position in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Up 6.0 %

NASDAQ LSCC opened at $57.48 on Tuesday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 55.81 and a beta of 1.39. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The stock has a fifty day simple moving average of $52.34 and a 200 day simple moving average of $55.36.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. The business’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LSCC shares. Raymond James decreased their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. TD Cowen reduced their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $83.00 to $47.00 in a research note on Tuesday, July 30th. Needham & Company LLC restated a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Finally, KeyCorp decreased their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.42.

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.