Two Sigma Advisers LP Reduces Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Two Sigma Advisers LP cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,500 shares of the semiconductor company's stock after selling 62,800 shares during the quarter. Two Sigma Advisers LP owned 0.36% of Lattice Semiconductor worth $26,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American National Bank & Trust boosted its holdings in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 709 shares during the period. West Oak Capital LLC boosted its holdings in Lattice Semiconductor by 220.0% during the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 550 shares during the period. Hollencrest Capital Management purchased a new stake in Lattice Semiconductor during the 3rd quarter valued at about $53,000. Blue Trust Inc. boosted its holdings in Lattice Semiconductor by 186.5% during the 2nd 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 period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 407 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Down 0.1 %

Shares of NASDAQ:LSCC traded down $0.04 during trading on Friday, hitting $57.67. The stock had a trading volume of 1,823,082 shares, compared to its average volume of 1,773,648. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a market capitalization of $7.96 billion, a PE ratio of 55.99 and a beta of 1.42. The firm's fifty day moving average is $53.19 and its 200 day moving average is $54.56.

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

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction 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 in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,226 shares of company stock valued at $314,838 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus raised Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Tuesday, September 17th. Robert W. Baird lowered their price target on Lattice Semiconductor from $70.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, November 4th. Susquehanna lowered their price target on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a research report on Tuesday, November 5th. Finally, TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently 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.