Polar Asset Management Partners Inc. Acquires New Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

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

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its position in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lattice Semiconductor by 3.2% during the 4th 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 period. Compass Wealth Management LLC acquired a new position in Lattice Semiconductor during the 4th quarter valued at about $1,324,000. Barclays PLC increased its stake in Lattice Semiconductor by 57.5% during the 3rd 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 period. Finally, UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% during the 4th 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. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on LSCC. Needham & Company LLC restated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Susquehanna raised their price objective 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 reduced their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Robert W. Baird raised their price objective 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. Finally, Rosenblatt Securities restated a "buy" rating and set a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Trading Down 3.3%

Shares of LSCC traded down $1.66 during midday trading on Wednesday, hitting $48.70. The stock had a trading volume of 1,503,347 shares, compared to its average volume of 2,637,174. The business has a 50-day simple moving average of $50.28 and a two-hundred day simple moving average of $55.34. The firm has a market cap of $6.70 billion, a P/E ratio of 110.78, a price-to-earnings-growth 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 posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The firm's revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now owns 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,490 shares of company stock valued at $777,363 over the last three months. 1.19% of the stock is owned by corporate insiders.

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.