Bridgewater Associates LP Boosts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bridgewater Associates LP boosted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 53.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,808 shares of the semiconductor company's stock after acquiring an additional 14,294 shares during the period. Bridgewater Associates LP's holdings in Lattice Semiconductor were worth $2,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American National Bank & Trust boosted its holdings in shares of Lattice Semiconductor by 5,064.3% in the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 709 shares in the last quarter. West Oak Capital LLC boosted its stake in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock valued at $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after acquiring an additional 748 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Lattice Semiconductor by 105.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company's stock valued at $114,000 after purchasing an additional 748 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company's stock, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,226 shares of company stock worth $314,838. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Up 0.8 %

Lattice Semiconductor stock traded up $0.43 during trading hours on Friday, reaching $56.75. 972,300 shares of the company's stock were exchanged, compared to its average volume of 2,483,500. The firm has a market capitalization of $7.83 billion, a PE ratio of 55.10 and a beta of 1.39. The firm's 50 day simple moving average is $52.64 and its 200 day simple moving average is $55.07. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm's revenue for the quarter was down 33.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of research reports. StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Stifel Nicolaus upgraded Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research report on Tuesday, September 17th. Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.42.

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.