Verition Fund Management LLC Raises Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Verition Fund Management LLC lifted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1,983.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,937 shares of the semiconductor company’s stock after purchasing an additional 163,685 shares during the period. Verition Fund Management LLC’s holdings in Lattice Semiconductor were worth $9,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its stake in Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after buying an additional 300 shares in the last quarter. Tidal Investments LLC grew its position in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 308 shares in the last quarter. Financial Advocates Investment Management raised its stake in Lattice Semiconductor by 7.4% during the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 394 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Lattice Semiconductor by 3.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock worth $833,000 after purchasing an additional 422 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,226 shares of company stock valued at $314,838. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Susquehanna decreased their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $56.75 on Friday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The business’s 50 day moving average is $52.64 and its two-hundred day moving average is $55.07. The stock has a market capitalization of $7.83 billion, a P/E ratio of 55.10 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

About Lattice Semiconductor

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.