State Street Corp reduced its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,691,440 shares of the semiconductor company’s stock after selling 22,520 shares during the period. State Street Corp owned 2.19% of Lattice Semiconductor worth $17,927,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in LSCC. Teachers Advisors LLC increased its position in shares of Lattice Semiconductor by 13.2% during the 2nd quarter. Teachers Advisors LLC now owns 228,938 shares of the semiconductor company’s stock worth $1,525,000 after purchasing an additional 26,687 shares in the last quarter. Capital Fund Management S.A. grew its holdings in Lattice Semiconductor by 124.3% during the 2nd quarter. Capital Fund Management S.A. now owns 560,571 shares of the semiconductor company’s stock worth $3,733,000 after acquiring an additional 310,616 shares during the last quarter. Dumac Inc. bought a new stake in Lattice Semiconductor during the 2nd quarter worth about $999,000. IndexIQ Advisors LLC grew its holdings in Lattice Semiconductor by 49.9% during the 2nd quarter. IndexIQ Advisors LLC now owns 173,867 shares of the semiconductor company’s stock worth $1,158,000 after acquiring an additional 57,914 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Lattice Semiconductor by 7.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,231,024 shares of the semiconductor company’s stock valued at $14,859,000 after purchasing an additional 150,000 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
Lattice Semiconductor Corporation (LSCC) traded down $0.06 during mid-day trading on Monday, reaching $5.79. 737,769 shares of the company’s stock were exchanged, compared to its average volume of 831,055. The company has a market capitalization of $721.69, a PE ratio of 65.00, a price-to-earnings-growth ratio of 6.27 and a beta of 1.57. Lattice Semiconductor Corporation has a 1 year low of $5.05 and a 1 year high of $7.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.60 and a current ratio of 2.20.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $91.97 million during the quarter, compared to the consensus estimate of $92.00 million. Lattice Semiconductor had a positive return on equity of 4.39% and a negative net margin of 17.49%. During the same quarter in the previous year, the firm earned $0.05 earnings per share. research analysts expect that Lattice Semiconductor Corporation will post 0.05 EPS for the current fiscal year.
LSCC has been the topic of several recent research reports. Zacks Investment Research raised shares of Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Craig Hallum reissued a “hold” rating and set a $6.00 price objective (down previously from $8.30) on shares of Lattice Semiconductor in a research note on Thursday, September 14th. Jefferies Group reduced their price objective on shares of Lattice Semiconductor from $8.30 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, September 14th. BidaskClub downgraded shares of Lattice Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Robert W. Baird restated a “hold” rating and set a $8.00 target price on shares of Lattice Semiconductor in a report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.00.
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Lattice Semiconductor 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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