Point72 Asia Singapore Pte. Ltd. Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,765 shares of the semiconductor company’s stock, valued at approximately $1,314,000.

Several other large investors have also recently made changes to their positions in the business. William Blair Investment Management LLC increased 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 valued at $183,426,000 after purchasing an additional 668,132 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Lattice Semiconductor by 19.3% during the 2nd 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 during the last quarter. Bank of New York Mellon Corp increased its position in shares of Lattice Semiconductor by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,406,836 shares of the semiconductor company’s stock valued at $81,582,000 after purchasing an additional 30,642 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Lattice Semiconductor by 5.8% during the 2nd quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after purchasing an additional 57,234 shares during the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 0.8 %

Shares of LSCC opened at $56.75 on Monday. The company has a market cap of $7.83 billion, a PE ratio of 55.10 and a beta of 1.39. The stock has a 50-day moving average price of $52.64 and a 200-day moving average price of $54.95. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results 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 firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

LSCC has been the subject of several research reports. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, September 17th. Needham & Company LLC reiterated a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Robert W. Baird cut their price target on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Susquehanna cut their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, TD Cowen cut their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction that occurred on 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 at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,226 shares of company stock valued at $314,838. Corporate insiders own 1.80% of the company’s stock.

About Lattice Semiconductor

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.