Polar Asset Management Partners Inc. Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Polar Asset Management Partners Inc. purchased a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 94,500 shares of the semiconductor company's stock, valued at approximately $5,353,000. Polar Asset Management Partners Inc. owned 0.07% of Lattice Semiconductor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. US Bancorp DE lifted its position in shares of Lattice Semiconductor by 2.9% during the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company's stock valued at $1,592,000 after buying an additional 800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lattice Semiconductor by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock valued at $53,217,000 after purchasing an additional 29,516 shares during the last quarter. Barclays PLC boosted its position in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock worth $54,124,000 after purchasing an additional 372,301 shares during the period. UMB Bank n.a. boosted its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 266 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Lattice Semiconductor by 11.6% in the fourth quarter. Pacer Advisors Inc. now owns 51,712 shares of the semiconductor company's stock worth $2,929,000 after purchasing an additional 5,384 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of recent research reports. Raymond James restated an "outperform" rating and set a $64.00 price target (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a report on Tuesday, May 6th. Wall Street Zen lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Rosenblatt Securities restated a "buy" rating and issued a $72.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Susquehanna upped their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the transaction, the senior vice president now owns 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the transaction, the director now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. This represents a 7.97% 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

Lattice Semiconductor stock traded down $1.62 during mid-day trading on Friday, hitting $44.39. 2,523,134 shares of the company traded hands, compared to its average volume of 2,659,032. Lattice Semiconductor Co. has a one year low of $34.69 and a one year high of $70.55. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 100.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The stock has a fifty day moving average price of $47.65 and a 200-day moving average price of $54.96.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. During the same quarter last year, the company posted $0.29 EPS. The business's quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

About Lattice Semiconductor

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.