PDT Partners LLC Sells 30,485 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

PDT Partners LLC lessened its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 83.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,909 shares of the semiconductor company's stock after selling 30,485 shares during the period. PDT Partners LLC's holdings in Lattice Semiconductor were worth $314,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. American National Bank & Trust grew 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 buying an additional 709 shares during the period. West Oak Capital LLC grew its holdings in shares of Lattice Semiconductor by 220.0% in the 2nd 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 during the period. Hollencrest Capital Management acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at $53,000. Blue Trust Inc. grew its holdings in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after buying an additional 748 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 748 shares during the period. Institutional investors and hedge funds own 98.08% of the company's stock.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,226 shares of company stock worth $314,838. Insiders own 1.19% of the company's stock.

Lattice Semiconductor Stock Up 1.9 %

Shares of LSCC stock traded up $1.08 on Wednesday, reaching $59.36. The stock had a trading volume of 2,149,490 shares, compared to its average volume of 2,378,491. The firm's 50-day moving average is $52.89 and its two-hundred day moving average is $54.75. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 56.58 and a beta of 1.42. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business earned $0.41 EPS. Lattice Semiconductor's quarterly revenue was down 33.9% on a year-over-year basis. On average, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on LSCC. Raymond James cut their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. TD Cowen cut their price objective 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. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. KeyCorp cut their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus raised shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $58.42.

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.