Private Advisors LLC cut its stake in Lattice Semiconductor Corp (NASDAQ:LSCC) by 41.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,126 shares of the semiconductor company’s stock after selling 44,319 shares during the quarter. Private Advisors LLC’s holdings in Lattice Semiconductor were worth $753,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Lattice Semiconductor by 0.6% in the 4th quarter. BlackRock Inc. now owns 8,160,753 shares of the semiconductor company’s stock valued at $56,473,000 after acquiring an additional 44,639 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lattice Semiconductor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,564,967 shares of the semiconductor company’s stock valued at $31,589,000 after acquiring an additional 25,368 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Lattice Semiconductor by 66.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,294,090 shares of the semiconductor company’s stock valued at $39,298,000 after acquiring an additional 1,320,700 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Lattice Semiconductor by 3.0% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,361,138 shares of the semiconductor company’s stock valued at $28,168,000 after acquiring an additional 69,104 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $10,998,000. 90.34% of the stock is owned by institutional investors.
LSCC has been the subject of a number of recent analyst reports. Cowen initiated coverage on Lattice Semiconductor in a research note on Friday, February 22nd. They issued an “outperform” rating and a $15.00 price target for the company. Rosenblatt Securities started coverage on Lattice Semiconductor in a research note on Thursday, February 28th. They issued a “buy” rating and a $14.50 price target for the company. Robert W. Baird reissued a “buy” rating and set a $10.00 target price on shares of Lattice Semiconductor in a research note on Friday, March 1st. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Friday, May 3rd. Finally, BidaskClub cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $12.15.
NASDAQ LSCC traded down $0.52 during trading hours on Friday, reaching $13.83. 715,463 shares of the company’s stock were exchanged, compared to its average volume of 1,719,176. Lattice Semiconductor Corp has a one year low of $5.38 and a one year high of $15.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.06 and a current ratio of 4.01. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 62.86, a PEG ratio of 2.87 and a beta of 1.33.
Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The business had revenue of $98.09 million for the quarter, compared to the consensus estimate of $96.01 million. During the same period in the previous year, the company posted $0.05 earnings per share. Lattice Semiconductor’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Corp will post 0.39 EPS for the current year.
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Lattice Semiconductor Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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