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

Versor Investments LP bought a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,700 shares of the semiconductor company’s stock, valued at approximately $323,000.

A number of other hedge funds have also recently modified their holdings of LSCC. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lattice Semiconductor by 40.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 1,830 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Lattice Semiconductor by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock valued at $852,000 after purchasing an additional 1,085 shares during the period. Nisa Investment Advisors LLC grew its stake in Lattice Semiconductor by 159.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock worth $593,000 after buying an additional 6,862 shares during the last quarter. Financial Advocates Investment Management increased its position in Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after buying an additional 394 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Lattice Semiconductor by 9.9% during the third quarter. Janney Montgomery Scott LLC now owns 202,474 shares of the semiconductor company’s stock worth $10,745,000 after buying an additional 18,320 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Down 3.2 %

NASDAQ LSCC opened at $60.32 on Tuesday. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 137.09, a PEG ratio of 3.03 and a beta of 1.41. The business’s 50 day moving average is $59.02 and its two-hundred day moving average is $54.69. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSCC. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Susquehanna increased 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. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday. Finally, KeyCorp raised their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Two 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, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Transactions at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,686 shares of company stock valued at $1,118,722 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.