First Interstate Bank lowered its stake in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 23.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,888 shares of the semiconductor company’s stock after selling 2,110 shares during the period. First Interstate Bank’s holdings in Lattice Semiconductor were worth $48,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth approximately $172,000. Jane Street Group LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter worth approximately $152,000. Prudential Financial Inc. boosted its stake in shares of Lattice Semiconductor by 100.0% in the 3rd quarter. Prudential Financial Inc. now owns 26,301 shares of the semiconductor company’s stock worth $210,000 after buying an additional 13,150 shares during the last quarter. Ibex Investors LLC purchased a new position in shares of Lattice Semiconductor in the 3rd quarter worth approximately $215,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Lattice Semiconductor by 205.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,184 shares of the semiconductor company’s stock worth $237,000 after buying an additional 24,339 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
Lattice Semiconductor stock opened at $7.75 on Friday. Lattice Semiconductor Corp has a 12 month low of $5.05 and a 12 month high of $8.90. The company has a current ratio of 4.00, a quick ratio of 3.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.00 billion, a P/E ratio of 51.67, a PEG ratio of 2.11 and a beta of 1.35.
In other Lattice Semiconductor news, VP Esam Elashmawi bought 20,000 shares of the stock in a transaction on Monday, November 26th. The shares were acquired at an average price of $5.66 per share, with a total value of $113,200.00. Following the acquisition, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $113,200. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Byron Wayne Milstead sold 9,910 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $5.81, for a total transaction of $57,577.10. Following the sale, the vice president now directly owns 23,063 shares in the company, valued at approximately $133,996.03. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by corporate insiders.
LSCC has been the topic of several research analyst reports. BidaskClub upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, December 8th. ValuEngine upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, October 10th. Finally, Robert W. Baird upgraded Lattice Semiconductor from a “neutral” rating to an “outperform” rating in a research note on Friday, December 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Lattice Semiconductor presently has a consensus rating of “Buy” and a consensus price target of $8.69.
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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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