Creative Planning trimmed its position in Lattice Semiconductor Corp (NASDAQ:LSCC) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,486 shares of the semiconductor company’s stock after selling 20,000 shares during the period. Creative Planning’s holdings in Lattice Semiconductor were worth $564,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in LSCC. Legal & General Group Plc lifted its holdings in shares of Lattice Semiconductor by 33.3% during the 1st quarter. Legal & General Group Plc now owns 56,811 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 14,191 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $360,000. TD Asset Management Inc. lifted its holdings in shares of Lattice Semiconductor by 102.4% during the 2nd quarter. TD Asset Management Inc. now owns 243,173 shares of the semiconductor company’s stock worth $1,595,000 after acquiring an additional 123,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $639,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Lattice Semiconductor during the 2nd quarter worth about $1,030,000. Institutional investors and hedge funds own 87.07% of the company’s stock.
Several research analysts have recently weighed in on LSCC shares. Zacks Investment Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective on the stock in a report on Saturday, August 11th. BidaskClub lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Craig Hallum set a $9.00 price objective on shares of Lattice Semiconductor and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Finally, ValuEngine upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.70.
Shares of LSCC stock opened at $5.93 on Wednesday. The stock has a market cap of $800.47 million, a PE ratio of 41.20, a P/E/G ratio of 2.24 and a beta of 1.85. Lattice Semiconductor Corp has a 1-year low of $5.05 and a 1-year high of $8.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.07 and a current ratio of 4.00.
Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Thursday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $101.48 million during the quarter, compared to the consensus estimate of $101.50 million. Lattice Semiconductor had a negative net margin of 6.64% and a positive return on equity of 8.68%. Analysts forecast that Lattice Semiconductor Corp will post 0.24 earnings per share for the current fiscal year.
Lattice Semiconductor Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. The company offers programmable logic devices that consist of five product family lines, such as the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
Read More: Call Option
Want to see what other hedge funds are holding LSCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lattice Semiconductor Corp (NASDAQ:LSCC).
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.