Roubaix Capital LLC Buys Shares of 109,177 Lattice Semiconductor Co. (NASDAQ:LSCC)

Roubaix Capital LLC acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 109,177 shares of the semiconductor company’s stock, valued at approximately $5,794,000. Lattice Semiconductor accounts for about 3.2% of Roubaix Capital LLC’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Lattice Semiconductor by 159.5% during the third quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock worth $593,000 after buying an additional 6,862 shares during the period. KP Management LLC acquired a new position in Lattice Semiconductor during the 3rd quarter worth approximately $1,592,000. State of Alaska Department of Revenue grew its stake in shares of Lattice Semiconductor by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock worth $852,000 after acquiring an additional 1,085 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lattice Semiconductor by 40.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Outlook Wealth Advisors LLC lifted its position in shares of Lattice Semiconductor by 23.2% in the third quarter. Outlook Wealth Advisors LLC now owns 5,313 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LSCC shares. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a research note on Monday, September 16th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. KeyCorp lowered their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.08.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Trading Down 5.3 %

NASDAQ:LSCC opened at $52.55 on Thursday. The stock has a 50 day simple moving average of $49.87 and a 200 day simple moving average of $57.81. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The stock has a market cap of $7.23 billion, a P/E ratio of 33.69 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The business had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. During the same quarter last year, the firm earned $0.40 EPS. Lattice Semiconductor’s revenue for the quarter was down 34.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.59 EPS for the current 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.