Two Sigma Investments LP Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Two Sigma Investments LP lessened its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 251,303 shares of the semiconductor company's stock after selling 482,911 shares during the quarter. Two Sigma Investments LP owned about 0.18% of Lattice Semiconductor worth $14,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. US Bancorp DE raised its position in shares of Lattice Semiconductor by 2.9% during the fourth 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. raised its position in shares of 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 buying an additional 29,516 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $1,324,000. Barclays PLC raised its position in shares of Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after buying an additional 372,301 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 67.7% during the fourth 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 last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock traded down $0.28 on Thursday, reaching $46.05. 397,787 shares of the company were exchanged, compared to its average volume of 2,652,750. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.21. The company has a market cap of $6.33 billion, a P/E ratio of 104.65, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. The stock's 50 day moving average price is $48.37 and its 200-day moving average price is $55.03.

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

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president now owns 87,106 shares of the company's stock, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now directly owns 8,084 shares in the company, valued at $420,610.52. This trade 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LSCC shares. KeyCorp reduced their price target on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Susquehanna boosted their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Stifel Nicolaus lifted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, TD Cowen lifted their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.15.

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.