Polar Asset Management Partners Inc. Acquires New Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Polar Asset Management Partners Inc. acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 94,500 shares of the semiconductor company’s stock, valued at approximately $5,353,000. Polar Asset Management Partners Inc. owned approximately 0.07% of Lattice Semiconductor at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ grew its stake in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Lattice Semiconductor during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 4.8%

LSCC opened at $52.25 on Friday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 118.75, a PEG ratio of 3.03 and a beta of 1.60. The company’s 50 day moving average is $50.56 and its 200 day moving average is $55.33. Lattice Semiconductor Co. has a 12-month low of $34.69 and a 12-month high of $78.29.

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

Analysts Set New Price Targets

A number of equities analysts have commented on LSCC shares. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Raymond James reissued an “outperform” rating and issued a $64.00 price target (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Williams Trading set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen boosted their price target on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

Insider Buying and Selling

In other news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company’s stock, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at $6,412,635.87. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,680 shares of company stock worth $938,301. Insiders own 1.80% 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.