NumerixS Investment Technologies Inc boosted its stake in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 5,766.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,600 shares of the semiconductor company’s stock after purchasing an additional 17,300 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Lattice Semiconductor were worth $206,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in Lattice Semiconductor by 4.3% during the fourth quarter. Legal & General Group Plc now owns 54,633 shares of the semiconductor company’s stock worth $378,000 after acquiring an additional 2,259 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Lattice Semiconductor by 26.2% during the 4th quarter. GSA Capital Partners LLP now owns 13,845 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,872 shares in the last quarter. Meeder Asset Management Inc. raised its position in Lattice Semiconductor by 157.3% in the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 3,091 shares during the last quarter. Prudential Financial Inc. raised its position in Lattice Semiconductor by 14.4% in the 4th quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 3,781 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Lattice Semiconductor in the 4th quarter valued at approximately $27,000. 90.34% of the stock is owned by institutional investors.
Several research analysts have weighed in on the company. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Friday, May 3rd. Cowen reaffirmed an “outperform” rating and set a $18.00 price target (up previously from $16.00) on shares of Lattice Semiconductor in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Lattice Semiconductor in a report on Monday, May 20th. Finally, Susquehanna Bancshares raised Lattice Semiconductor from a “neutral” rating to a “positive” rating and set a $11.00 target price on the stock in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. Lattice Semiconductor currently has an average rating of “Buy” and an average price target of $12.15.
Shares of LSCC stock traded down $0.36 during trading on Wednesday, reaching $14.65. 22,152 shares of the company’s stock were exchanged, compared to its average volume of 1,936,049. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.95 billion, a PE ratio of 66.70, a PEG ratio of 2.97 and a beta of 1.33. Lattice Semiconductor Corp has a twelve month low of $5.38 and a twelve month high of $15.21.
Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The firm had revenue of $98.09 million during the quarter, compared to the consensus estimate of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. As a group, sell-side analysts predict that Lattice Semiconductor Corp will post 0.39 EPS for the current fiscal year.
In other news, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $12.56, for a total transaction of $50,240.00. Following the completion of the transaction, the director now owns 67,434 shares of the company’s stock, valued at approximately $846,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Esam Elashmawi purchased 5,000 shares of the stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $12.17 per share, with a total value of $60,850.00. Following the acquisition, the vice president now directly owns 25,000 shares in the company, valued at approximately $304,250. The disclosure for this purchase can be found here. Corporate insiders own 0.78% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2019/06/12/lattice-semiconductor-corp-nasdaqlscc-holdings-raised-by-numerixs-investment-technologies-inc.html.
Lattice Semiconductor Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
Featured Story: What is cost of equity?
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.