Point72 Asia Singapore Pte. Ltd. Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, HoldingsChannel reports. The institutional investor acquired 24,765 shares of the semiconductor company’s stock, valued at approximately $1,314,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the last quarter. Swedbank AB bought a new stake in shares of Lattice Semiconductor in the 1st quarter worth approximately $4,186,000. Stephens Investment Management Group LLC grew its position in shares of Lattice Semiconductor by 22.2% in the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after buying an additional 142,005 shares during the last quarter. Marshall Financial Group LLC bought a new stake in shares of Lattice Semiconductor in the 2nd quarter worth approximately $721,000. Finally, Eagle Asset Management Inc. grew its position in shares of Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after buying an additional 38,826 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LSCC shares. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, September 17th. KeyCorp dropped their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Susquehanna dropped their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Trading Up 0.8 %

Lattice Semiconductor stock opened at $56.75 on Monday. The business’s fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $54.95. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 55.10 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, equities research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction 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 owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock worth $314,838 over the last quarter. 1.80% of the stock is currently owned by insiders.

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.