ExodusPoint Capital Management LP Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

ExodusPoint Capital Management LP acquired a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,302 shares of the semiconductor company's stock, valued at approximately $414,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arete Wealth Advisors LLC bought a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $207,000. Geode Capital Management LLC raised its stake in shares of Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after buying an additional 74,655 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Lattice Semiconductor by 66.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,194 shares of the semiconductor company's stock valued at $464,000 after acquiring an additional 3,270 shares during the period. Alliancebernstein L.P. raised its stake in Lattice Semiconductor by 47.0% during the 4th quarter. Alliancebernstein L.P. now owns 583,515 shares of the semiconductor company's stock worth $33,056,000 after acquiring an additional 186,689 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Lattice Semiconductor by 42.7% during the 4th quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company's stock valued at $30,144,000 after buying an additional 159,242 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Finally, Susquehanna lifted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $67.69.

Lattice Semiconductor Trading Down 1.0 %

Shares of LSCC stock traded down $0.41 during trading hours on Friday, reaching $41.18. 2,605,434 shares of the company's stock were exchanged, compared to its average volume of 2,555,305. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 93.59, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.85. The stock's 50 day moving average is $56.39 and its 200-day moving average is $55.76.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

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.