LMR Partners LLP Buys New Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

LMR Partners LLP purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,754 shares of the semiconductor company’s stock, valued at approximately $730,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Lattice Semiconductor by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after acquiring an additional 146,199 shares during the period. RiverPark Advisors LLC grew its holdings in shares of Lattice Semiconductor by 85.0% during the 3rd quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 1,966 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Lattice Semiconductor by 15.3% during the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock worth $247,000 after buying an additional 619 shares during the last quarter. Pier 88 Investment Partners LLC grew its holdings in shares of Lattice Semiconductor by 10.3% during the third quarter. Pier 88 Investment Partners LLC now owns 18,955 shares of the semiconductor company’s stock worth $1,006,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Lattice Semiconductor by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 1,113 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent analyst reports. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, September 17th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $48.58 on Wednesday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The business has a 50 day moving average of $51.60 and a 200 day moving average of $56.00. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 47.17 and a beta of 1.39.

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

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.