LMR Partners LLP Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

LMR Partners LLP purchased a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,754 shares of the semiconductor company's stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its position in shares of Lattice Semiconductor by 11.5% during the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company's stock valued at $115,000 after acquiring an additional 152 shares during the last quarter. Swedbank AB increased its stake in shares of Lattice Semiconductor by 0.6% in the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company's stock worth $3,120,000 after purchasing an additional 300 shares during the period. Tidal Investments LLC raised its position in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company's stock valued at $260,000 after buying an additional 308 shares during the last quarter. Financial Advocates Investment Management raised its stake in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company's stock valued at $303,000 after purchasing an additional 394 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 407 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LSCC. Needham & Company LLC reissued a "buy" rating and issued a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Robert W. Baird cut their price target on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. TD Cowen cut their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Two 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, Lattice Semiconductor currently has a consensus rating of "Moderate Buy" and an average target price of $58.42.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC traded up $2.17 during midday trading on Wednesday, reaching $50.75. 1,501,017 shares of the stock traded hands, compared to its average volume of 2,401,329. The company's 50 day moving average is $51.72 and its 200 day moving average is $55.84. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a market capitalization of $7.00 billion, a PE ratio of 47.17 and a beta of 1.39.

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

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the 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 sale, the senior vice president now directly owns 365 shares of the company's stock, valued at approximately $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.19% of the stock is owned by insiders.

About Lattice Semiconductor

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.