Polar Asset Management Partners Inc. Takes $5.35 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Polar Asset Management Partners Inc. acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 94,500 shares of the semiconductor company’s stock, valued at approximately $5,353,000.

Several other hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its position in Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company’s stock worth $1,220,487,000 after acquiring an additional 478,440 shares during the period. Vanguard Group Inc. boosted its position in Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after buying an additional 229,820 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after buying an additional 4,676,100 shares during the last quarter. Geode Capital Management LLC boosted its position in Lattice Semiconductor by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after buying an additional 74,655 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Lattice Semiconductor by 10.6% in the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company’s stock valued at $127,944,000 after buying an additional 216,617 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,680 shares of company stock worth $938,301 in the last three months. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LSCC shares. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research report on Tuesday, May 6th. Robert W. Baird upped their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Stifel Nicolaus upped their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp lowered their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.15.

Lattice Semiconductor Stock Down 4.8%

LSCC opened at $52.25 on Friday. The firm has a market cap of $7.18 billion, a P/E ratio of 118.75, a PEG ratio of 3.03 and a beta of 1.60. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.29. The business’s fifty day simple moving average is $50.56 and its 200 day simple moving average is $55.33.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. As a group, equities analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.