Quantinno Capital Management LP Buys 30,856 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Quantinno Capital Management LP raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 863.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 34,431 shares of the semiconductor company's stock after purchasing an additional 30,856 shares during the quarter. Quantinno Capital Management LP's holdings in Lattice Semiconductor were worth $1,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Blue Trust Inc. boosted its position in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 748 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in 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 worth $41,409,000 after purchasing an additional 142,005 shares during the period. Eagle Asset Management Inc. increased its holdings in Lattice Semiconductor by 9.4% in the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company's stock worth $24,657,000 after purchasing an additional 38,826 shares in the last quarter. Marshall Financial Group LLC acquired a new position in Lattice Semiconductor in the second quarter valued at approximately $721,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company's stock worth $1,041,000 after buying an additional 13,236 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares of the company's stock, valued at approximately $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,076 shares of company stock worth $421,990 over the last quarter. 1.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC raised their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James dropped their price target 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. Finally, Robert W. Baird increased their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday. 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.com, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $62.00.

Lattice Semiconductor Stock Performance

LSCC traded down $0.55 during midday trading on Thursday, reaching $62.46. The company had a trading volume of 977,714 shares, compared to its average volume of 2,366,929. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The business has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $54.31. The stock has a market cap of $8.62 billion, a PE ratio of 60.64 and a beta of 1.42.

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

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.