Point72 Asset Management L.P. Has $54.19 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 Asset Management L.P. boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 956,626 shares of the semiconductor company's stock after purchasing an additional 27,713 shares during the quarter. Point72 Asset Management L.P. owned about 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 large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 67.7% in 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 period. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 370 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth $52,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Down 5.8%

Shares of NASDAQ LSCC traded down $2.90 during midday trading on Wednesday, reaching $47.46. The company's stock had a trading volume of 1,622,095 shares, compared to its average volume of 2,638,084. The stock has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $55.34. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 108.20, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.29.

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

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm'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 transaction, the director now directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction 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 sale, the senior vice president now owns 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,490 shares of company stock valued at $777,363. 1.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LSCC shares. Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Loop Capital lowered their price target on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Benchmark reiterated a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Rosenblatt Securities reissued a "buy" rating and set a $72.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.