Two Sigma Investments LP Lowers Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Two Sigma Investments LP cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 65.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,303 shares of the semiconductor company’s stock after selling 482,911 shares during the quarter. Two Sigma Investments LP owned 0.18% of Lattice Semiconductor worth $14,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LSCC. T. Rowe Price Investment Management Inc. increased its position in shares of Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock valued at $1,220,487,000 after purchasing an additional 478,440 shares during the last quarter. Vanguard Group Inc. boosted its stake in Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock worth $846,600,000 after buying an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock worth $355,942,000 after buying an additional 4,676,100 shares in the last quarter. Geode Capital Management LLC grew its position in Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after acquiring an additional 74,655 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock worth $127,944,000 after acquiring an additional 216,617 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $46.64 on Friday. The stock’s 50-day moving average is $49.54 and its 200 day moving average is $55.22. The company has a market cap of $6.41 billion, a PE ratio of 106.00, a P/E/G ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.25.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analysts’ expectations of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Susquehanna boosted their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Raymond James reaffirmed an “outperform” rating and set a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $72.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research 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, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the transaction, the director now directly owns 8,084 shares of the company’s stock, valued at $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,490 shares of company stock valued at $777,363. 1.19% of the stock is currently owned by company insiders.

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.