Point72 Asset Management L.P. Buys 27,713 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 Asset Management L.P. grew its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 956,626 shares of the semiconductor company's stock after buying an additional 27,713 shares during the period. Point72 Asset Management L.P. owned 0.69% of Lattice Semiconductor worth $54,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. increased its position in Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after purchasing an additional 478,440 shares during the period. Vanguard Group Inc. raised its stake in Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after buying an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Geode Capital Management LLC grew its holdings in Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after acquiring an additional 74,655 shares during the period. Finally, Capital Research Global Investors grew its stake in Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after purchasing an additional 216,617 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Price Performance

LSCC opened at $52.25 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.29. The firm has a market capitalization of $7.18 billion, a P/E ratio of 118.75, a PEG ratio of 3.03 and a beta of 1.60. The company's 50-day moving average is $50.56 and its 200 day moving average is $55.33.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to the consensus estimate of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company'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 EPS. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 2,890 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,680 shares of company stock valued at $938,301 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on LSCC. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Stifel Nicolaus raised their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Finally, Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $63.15.

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.

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