Point72 DIFC Ltd Purchases Shares of 69,673 Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 DIFC Ltd acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 69,673 shares of the semiconductor company’s stock, valued at approximately $3,698,000. Point72 DIFC Ltd owned 0.05% of Lattice Semiconductor as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 308 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Lattice Semiconductor by 105.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock worth $114,000 after buying an additional 748 shares during the period. DNB Asset Management AS grew its holdings in Lattice Semiconductor by 8.2% during the second quarter. DNB Asset Management AS now owns 21,500 shares of the semiconductor company’s stock valued at $1,247,000 after purchasing an additional 1,627 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Lattice Semiconductor by 9.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,466 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 1,280 shares in the last quarter. Finally, CWM LLC raised its position in shares of Lattice Semiconductor by 145.0% during the second quarter. CWM LLC now owns 16,866 shares of the semiconductor company’s stock worth $978,000 after purchasing an additional 9,981 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Down 0.1 %

Shares of Lattice Semiconductor stock opened at $58.28 on Wednesday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The firm has a market capitalization of $8.04 billion, a PE ratio of 56.58 and a beta of 1.42. The firm’s 50 day moving average is $52.89 and its 200 day moving average is $54.75.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS 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 firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period last year, the company earned $0.41 earnings per share. The business’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction dated 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 of the company’s stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock worth $314,838 over the last three months. Company insiders own 1.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LSCC shares. Robert W. Baird dropped their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp reduced their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

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.