JPMorgan Chase & Co. increased its holdings in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 442.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470,318 shares of the semiconductor company’s stock after acquiring an additional 1,199,151 shares during the period. JPMorgan Chase & Co. owned approximately 1.18% of Lattice Semiconductor worth $8,190,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Lattice Semiconductor by 6.9% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 170,574 shares of the semiconductor company’s stock worth $950,000 after acquiring an additional 11,000 shares in the last quarter. Gabelli Funds LLC raised its holdings in Lattice Semiconductor by 12.7% in the first quarter. Gabelli Funds LLC now owns 94,801 shares of the semiconductor company’s stock worth $528,000 after buying an additional 10,700 shares during the last quarter. Alambic Investment Management L.P. raised its holdings in Lattice Semiconductor by 477.5% in the first quarter. Alambic Investment Management L.P. now owns 180,184 shares of the semiconductor company’s stock worth $1,004,000 after buying an additional 148,984 shares during the last quarter. Smith Asset Management Group LP purchased a new position in Lattice Semiconductor in the first quarter worth about $1,543,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Lattice Semiconductor by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 663,920 shares of the semiconductor company’s stock worth $3,699,000 after buying an additional 34,687 shares during the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. BidaskClub cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. ValuEngine cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Finally, Zacks Investment Research raised shares of Lattice Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.00.
In other news, VP Byron Wayne Milstead sold 11,867 shares of the stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $5.44, for a total value of $64,556.48. Following the sale, the vice president now owns 15,192 shares of the company’s stock, valued at $82,644.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.79% of the company’s stock.
Shares of Lattice Semiconductor stock opened at $6.21 on Tuesday. Lattice Semiconductor Corp has a 52-week low of $5.05 and a 52-week high of $7.03. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.07 and a current ratio of 4.25.
Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Thursday, April 26th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Lattice Semiconductor had a negative net margin of 18.22% and a negative return on equity of 0.32%. The business had revenue of $98.62 million for the quarter, compared to the consensus estimate of $97.53 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. equities research analysts predict that Lattice Semiconductor Corp will post 0.21 EPS 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.
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