Versor Investments LP Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Versor Investments LP acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,700 shares of the semiconductor company’s stock, valued at approximately $323,000.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor in the fourth quarter valued at approximately $38,000. Hollencrest Capital Management purchased a new position in Lattice Semiconductor in the third quarter worth approximately $53,000. Brooklyn Investment Group acquired a new stake in Lattice Semiconductor during the third quarter worth $89,000. Finally, GAMMA Investing LLC raised its position in Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 594 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Down 3.2 %

Shares of NASDAQ LSCC opened at $60.32 on Tuesday. The stock has a market cap of $8.31 billion, a P/E ratio of 137.09, a PEG ratio of 3.03 and a beta of 1.41. The business’s fifty day simple moving average is $59.02 and its 200-day simple moving average is $54.69. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, equities analysts forecast that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,686 shares of company stock worth $1,118,722 over the last 90 days. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Susquehanna increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 11th. Benchmark upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, KeyCorp lifted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.25.

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.