Voloridge Investment Management LLC Has $3.36 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Voloridge Investment Management LLC lowered its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 94.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,275 shares of the semiconductor company's stock after selling 967,861 shares during the period. Voloridge Investment Management LLC's holdings in Lattice Semiconductor were worth $3,358,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in Lattice Semiconductor by 5.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,002 shares of the semiconductor company's stock worth $170,000 after buying an additional 163 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock valued at $81,000 after buying an additional 190 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Lattice Semiconductor by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after buying an additional 231 shares during the period. Truvestments Capital LLC lifted its stake in shares of Lattice Semiconductor by 6.8% in the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock valued at $243,000 after purchasing an additional 274 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Lattice Semiconductor by 1.2% during the 4th quarter. ProShare Advisors LLC now owns 24,501 shares of the semiconductor company's stock worth $1,388,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total transaction of $36,421.00. Following the transaction, the director now owns 8,084 shares in the company, valued at $420,610.52. This represents a 7.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen raised their price objective on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Finally, Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Trading Down 3.5%

LSCC stock traded down $1.62 during mid-day trading on Friday, hitting $44.39. 2,523,134 shares of the company were exchanged, compared to its average volume of 2,659,032. The business has a 50 day simple moving average of $47.65 and a 200-day simple moving average of $54.99. The stock has a market capitalization of $6.10 billion, a PE ratio of 100.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $70.55.

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