Ellington Management Group LLC acquired a new stake in Lattice Semiconductor Corp (NASDAQ:LSCC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 24,700 shares of the semiconductor company’s stock, valued at approximately $143,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Aperio Group LLC boosted its position in Lattice Semiconductor by 57.2% in the 4th quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 10,070 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lattice Semiconductor by 2.5% in the 4th quarter. Renaissance Technologies LLC now owns 471,924 shares of the semiconductor company’s stock valued at $2,728,000 after buying an additional 11,624 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Lattice Semiconductor by 2.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 509,124 shares of the semiconductor company’s stock valued at $2,653,000 after buying an additional 12,952 shares during the last quarter. Jane Street Group LLC bought a new position in Lattice Semiconductor in the 3rd quarter valued at $107,000. Finally, Alambic Investment Management L.P. bought a new position in Lattice Semiconductor in the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.
Lattice Semiconductor stock opened at $6.19 on Thursday. Lattice Semiconductor Corp has a 12-month low of $5.05 and a 12-month high of $7.55. The company has a current ratio of 3.15, a quick ratio of 2.19 and a debt-to-equity ratio of 1.38.
Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Lattice Semiconductor had a positive return on equity of 0.50% and a negative net margin of 18.28%. The company had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.53 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. equities analysts predict that Lattice Semiconductor Corp will post 0.22 EPS for the current year.
LSCC has been the topic of a number of recent research reports. BidaskClub upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Zacks Investment Research lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, ValuEngine lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.
About Lattice Semiconductor
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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