Polar Asset Management Partners Inc. Makes New $5.35 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Polar Asset Management Partners Inc. bought a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE raised its stake 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 worth $1,592,000 after buying an additional 800 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lattice Semiconductor by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company's stock worth $53,217,000 after buying an additional 29,516 shares during the last quarter. Compass Wealth Management LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter valued at approximately $1,324,000. Barclays PLC increased 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 worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $2.07 during mid-day trading on Monday, reaching $50.46. The company's stock had a trading volume of 2,326,031 shares, compared to its average volume of 2,637,824. The company's 50 day moving average is $50.28 and its 200 day moving average is $55.34. The stock has a market cap of $6.94 billion, a PE ratio of 114.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.29.

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, meeting the consensus estimate of $0.22. The company 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% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the subject of several research reports. Benchmark reaffirmed a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Loop Capital decreased their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Williams Trading set a $60.00 price objective on Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $72.00 price target on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $63.15.

Insiders Place Their Bets

In other news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction 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 directly owns 8,084 shares of the company's stock, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction 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 value of $101,242.40. Following the transaction, the senior vice president now directly owns 87,106 shares in the company, 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 sold 15,380 shares of company stock worth $974,722. Insiders own 1.80% of the company's stock.

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.