Seven Eight Capital LP Takes $807,000 Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Seven Eight Capital LP bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,322 shares of the semiconductor company’s stock, valued at approximately $807,000.

A number of other institutional investors have also modified their holdings of LSCC. Van ECK Associates Corp raised its stake in Lattice Semiconductor by 95.1% during the fourth quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 174 shares during the period. State of Michigan Retirement System raised its stake in Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after acquiring an additional 200 shares during the period. Yousif Capital Management LLC raised its stake in Lattice Semiconductor by 0.4% during the fourth quarter. Yousif Capital Management LLC now owns 64,608 shares of the semiconductor company’s stock worth $4,457,000 after acquiring an additional 230 shares during the period. Covestor Ltd raised its stake in Lattice Semiconductor by 16.1% during the first quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 266 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Lattice Semiconductor by 31.4% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,327 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the completion of the transaction, the senior vice president now owns 14,554 shares of the company’s stock, valued at approximately $1,062,005.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the completion of the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,566 shares of company stock worth $3,664,529. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded down $1.87 on Tuesday, hitting $57.17. The company had a trading volume of 1,661,350 shares, compared to its average volume of 2,144,078. The business has a 50-day simple moving average of $64.12 and a 200-day simple moving average of $69.24. The company has a market cap of $7.86 billion, a PE ratio of 37.30, a PEG ratio of 12.23 and a beta of 1.39. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Jefferies Financial Group restated a “buy” rating and issued a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.09.

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.