Acadian Asset Management LLC Purchases New Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Acadian Asset Management LLC acquired a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,531 shares of the semiconductor company’s stock, valued at approximately $146,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC raised its holdings in shares of Lattice Semiconductor by 33.0% during the 2nd quarter. Norden Group LLC now owns 9,805 shares of the semiconductor company’s stock worth $569,000 after acquiring an additional 2,433 shares during the period. TD Asset Management Inc grew its holdings in shares of Lattice Semiconductor by 5.8% in the second quarter. TD Asset Management Inc now owns 1,050,580 shares of the semiconductor company’s stock valued at $60,923,000 after purchasing an additional 57,234 shares during the period. Larson Financial Group LLC increased its position in Lattice Semiconductor by 39.5% during the second quarter. Larson Financial Group LLC now owns 3,209 shares of the semiconductor company’s stock worth $186,000 after purchasing an additional 909 shares during the last quarter. Fiera Capital Corp raised its stake in Lattice Semiconductor by 2.2% during the second quarter. Fiera Capital Corp now owns 891,253 shares of the semiconductor company’s stock worth $51,684,000 after purchasing an additional 19,347 shares during the period. Finally, nVerses Capital LLC boosted its holdings in Lattice Semiconductor by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Activity

In other news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares in the company, valued at approximately $730,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LSCC shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp lowered their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Finally, StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $52.82 on Friday. The stock has a market capitalization of $7.27 billion, a PE ratio of 33.86 and a beta of 1.38. The company’s 50-day simple moving average is $49.28 and its 200-day simple moving average is $62.86. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. Lattice Semiconductor’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.59 earnings per share for the current 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.