Bank of New York Mellon Corp Reduces Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)
Bank of New York Mellon Corp cut its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,979 shares of the semiconductor company’s stock after selling 10,141 shares during the period. Bank of New York Mellon Corp owned approximately 0.41% of Lattice Semiconductor Corporation worth $3,425,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its position in shares of Lattice Semiconductor Corporation by 18.3% in the fourth quarter. State Street Corp now owns 2,924,894 shares of the semiconductor company’s stock worth $21,529,000 after buying an additional 451,436 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Lattice Semiconductor Corporation during the first quarter worth $2,768,000. Renaissance Technologies LLC purchased a new position in shares of Lattice Semiconductor Corporation during the fourth quarter worth $2,870,000. Ursa Fund Management LLC bought a new stake in shares of Lattice Semiconductor Corporation during the fourth quarter worth approximately $1,991,000. Finally, Capital Fund Management S.A. increased its stake in shares of Lattice Semiconductor Corporation by 425.6% in the first quarter. Capital Fund Management S.A. now owns 249,955 shares of the semiconductor company’s stock worth $1,730,000 after buying an additional 202,396 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lattice Semiconductor Corporation (NASDAQ LSCC) traded up 1.06% during trading on Monday, hitting $6.70. The company’s stock had a trading volume of 206,031 shares. The stock’s market cap is $818.61 million. The company has a 50-day moving average price of $6.72 and a 200-day moving average price of $6.90. Lattice Semiconductor Corporation has a one year low of $5.63 and a one year high of $7.99.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last issued its earnings results on Tuesday, May 9th. The semiconductor company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $104.59 million for the quarter, compared to the consensus estimate of $106.30 million. Lattice Semiconductor Corporation had a positive return on equity of 3.72% and a negative net margin of 9.57%. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Equities analysts predict that Lattice Semiconductor Corporation will post $0.32 EPS for the current fiscal year.
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A number of brokerages have recently commented on LSCC. Jefferies Group LLC restated a “hold” rating and issued a $8.30 target price on shares of Lattice Semiconductor Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
In related news, Director Robin Ann Abrams sold 9,091 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $7.00, for a total transaction of $63,637.00. Following the completion of the sale, the director now directly owns 82,035 shares in the company, valued at $574,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.79% of the company’s stock.
Lattice Semiconductor Corporation Company Profile
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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