Point72 DIFC Ltd Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 DIFC Ltd bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC) during the third quarter, Holdings Channel.com reports. The firm bought 69,673 shares of the semiconductor company’s stock, valued at approximately $3,698,000.

Several other large investors have also recently made changes to their positions in LSCC. William Blair Investment Management LLC raised its holdings in 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 acquiring an additional 668,132 shares during the period. Clearbridge Investments LLC lifted its stake in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Bank of New York Mellon Corp grew its position in Lattice Semiconductor by 2.2% during the second 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 acquiring an additional 30,642 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lattice Semiconductor by 63.9% in 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 acquiring an additional 426,511 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in 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 buying an additional 57,234 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Down 0.1 %

LSCC opened at $58.28 on Wednesday. The company 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 simple moving average is $52.89 and its two-hundred day simple moving average is $54.75. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69.

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

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % 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 Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,226 shares of company stock valued at $314,838 over the last ninety days. 1.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on LSCC. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird reduced their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Susquehanna reduced their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

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.