Quantinno Capital Management LP Boosts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Quantinno Capital Management LP lifted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 863.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,431 shares of the semiconductor company’s stock after purchasing an additional 30,856 shares during the quarter. Quantinno Capital Management LP’s holdings in Lattice Semiconductor were worth $1,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Readystate Asset Management LP purchased a new stake in Lattice Semiconductor during the 3rd quarter valued at about $301,000. Point72 DIFC Ltd purchased a new stake in Lattice Semiconductor during the 3rd quarter valued at about $3,698,000. Point72 Asset Management L.P. bought a new position in Lattice Semiconductor during the 3rd quarter valued at approximately $49,297,000. Janus Henderson Group PLC raised its position in Lattice Semiconductor by 80.9% during the 3rd quarter. Janus Henderson Group PLC now owns 161,495 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 72,244 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Lattice Semiconductor by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 348 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Up 5.9 %

LSCC stock opened at $63.01 on Thursday. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a market cap of $8.69 billion, a PE ratio of 61.17 and a beta of 1.42. The business has a 50 day moving average of $53.72 and a 200 day moving average of $54.26.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS 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 business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue was down 33.9% compared to the same quarter last year. On average, research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on LSCC. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday. Needham & Company LLC increased their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KeyCorp decreased their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $62.00.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,076 shares of company stock worth $421,990. Insiders own 1.19% of the company’s stock.

Lattice Semiconductor Company 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.