Entropy Technologies LP Increases Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Entropy Technologies LP grew its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,202 shares of the semiconductor company’s stock after purchasing an additional 434 shares during the period. Entropy Technologies LP’s holdings in Lattice Semiconductor were worth $435,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rokos Capital Management LLP raised its stake in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after buying an additional 1,141,230 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after purchasing an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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. Clearbridge Investments LLC raised its holdings in Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after buying an additional 294,290 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Lattice Semiconductor by 131.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock worth $35,265,000 after buying an additional 253,788 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Raymond James decreased their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Robert W. Baird dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.42.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 7.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 18.59 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $49.23 on Friday. The stock has a 50-day simple moving average of $51.30 and a two-hundred day simple moving average of $56.49. The firm has a market capitalization of $6.79 billion, a PE ratio of 47.80 and a beta of 1.39. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week 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 for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company’s revenue for the quarter was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Equities analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Lattice Semiconductor 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.