PDT Partners LLC Sells 30,485 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

PDT Partners LLC cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 83.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,909 shares of the semiconductor company’s stock after selling 30,485 shares during the quarter. PDT Partners LLC’s holdings in Lattice Semiconductor were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swedbank AB increased its stake in shares of Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after acquiring an additional 300 shares during the last quarter. Tidal Investments LLC increased its stake in Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 308 shares in the last quarter. Financial Advocates Investment Management increased its stake in Lattice Semiconductor by 7.4% during the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 394 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Lattice Semiconductor by 3.0% during the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock worth $833,000 after purchasing an additional 422 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on LSCC shares. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, November 4th. Robert W. Baird lowered their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Raymond James lowered their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. TD Cowen reduced 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. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $58.28 on Wednesday. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock has a 50 day simple moving average of $52.89 and a two-hundred day simple moving average of $54.75. The stock has a market cap of $8.04 billion, a P/E ratio of 56.58 and a beta of 1.42.

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

Insiders Place Their Bets

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 Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now owns 13,909 shares in the company, valued at $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 quarter, insiders sold 6,226 shares of company stock valued at $314,838. Corporate insiders own 1.19% of the company’s stock.

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.