Point72 Asia Singapore Pte. Ltd. Makes New $1.31 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Point72 Asia Singapore Pte. Ltd. bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,765 shares of the semiconductor company's stock, valued at approximately $1,314,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after buying an additional 748 shares in the last quarter. Swedbank AB bought a new position in shares of Lattice Semiconductor in the first quarter worth $4,186,000. Stephens Investment Management Group LLC raised its stake in shares of Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company's stock valued at $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in Lattice Semiconductor in the second quarter worth about $721,000. Finally, Eagle Asset Management Inc. grew its position in Lattice Semiconductor by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company's stock valued at $24,657,000 after buying an additional 38,826 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LSCC. TD Cowen decreased their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, November 4th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research note on Tuesday, September 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $61.00 target price on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, Lattice Semiconductor 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 $1.56 during midday trading on Monday, reaching $58.31. The company's stock had a trading volume of 592,615 shares, compared to its average volume of 2,375,949. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The business's fifty day simple moving average is $52.64 and its 200-day simple moving average is $54.95. The company has a market capitalization of $8.05 billion, a P/E ratio of 55.10 and a beta of 1.39.

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

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the 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 sale, the senior vice president now directly owns 13,909 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 365 shares of the company's stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,226 shares of company stock valued at $314,838 over the last three months. Company insiders own 1.80% of the company's stock.

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.