PDT Partners LLC Lowers Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

PDT Partners LLC trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 83.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,909 shares of the semiconductor company’s stock after selling 30,485 shares during the period. PDT Partners LLC’s holdings in Lattice Semiconductor were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Eventide Asset Management LLC lifted its position in shares of Lattice Semiconductor by 24.8% in the third quarter. Eventide Asset Management LLC now owns 695,002 shares of the semiconductor company’s stock valued at $36,884,000 after acquiring an additional 138,104 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Lattice Semiconductor by 1,983.6% in the third quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company’s stock worth $9,125,000 after purchasing an additional 163,685 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Lattice Semiconductor in the third quarter worth about $1,929,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Lattice Semiconductor by 53.9% in the third quarter. Bridgewater Associates LP now owns 40,808 shares of the semiconductor company’s stock worth $2,166,000 after purchasing an additional 14,294 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred 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 owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred 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 directly owns 13,909 shares in the company, valued at approximately $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,226 shares of company stock valued at $314,838. 1.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, November 4th. KeyCorp reduced their target price on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird reduced their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Finally, Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Performance

LSCC opened at $58.28 on Wednesday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 56.58 and a beta of 1.42. The stock’s 50 day moving average price is $52.89 and its 200-day moving average price is $54.75. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69.

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

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.