Versor Investments LP Invests $323,000 in Lattice Semiconductor Co. (NASDAQ:LSCC)

Versor Investments LP purchased a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,700 shares of the semiconductor company's stock, valued at approximately $323,000.

Other hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC boosted its position in shares of Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock worth $86,309,000 after buying an additional 1,473,154 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Westfield Capital Management Co. LP acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter worth approximately $38,194,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company's stock valued at $26,535,000 after acquiring an additional 380,790 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company's stock valued at $54,124,000 after acquiring an additional 372,301 shares during the period. Institutional investors own 98.08% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LSCC. Susquehanna lifted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Rosenblatt Securities restated a "buy" rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. StockNews.com cut shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.25.

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Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,836 shares of company stock valued at $1,011,570 over the last quarter. Insiders own 1.80% of the company's stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC traded up $2.80 during trading hours on Friday, hitting $63.78. The stock had a trading volume of 2,337,360 shares, compared to its average volume of 2,439,944. The company has a market capitalization of $8.79 billion, a P/E ratio of 144.96, a P/E/G ratio of 3.03 and a beta of 1.41. The firm's 50-day moving average price is $59.09 and its two-hundred day moving average price is $54.87. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $84.40.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal 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.