Bridgewater Associates LP Buys 14,294 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Bridgewater Associates LP increased its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 53.9% in the third quarter, Holdings Channel.com reports. The fund owned 40,808 shares of the semiconductor company’s stock after acquiring an additional 14,294 shares during the quarter. Bridgewater Associates LP’s holdings in Lattice Semiconductor were worth $2,166,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LSCC. Swedbank AB boosted its holdings in 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 purchasing an additional 300 shares during the period. Tidal Investments LLC grew its position in Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after buying an additional 308 shares in the last quarter. Financial Advocates Investment Management increased its stake in Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 407 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Lattice Semiconductor by 3.0% during the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock valued at $833,000 after acquiring an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $56.75 on Friday. The company’s 50 day moving average price is $52.64 and its 200-day moving average price is $55.07. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 55.10 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (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 net margin of 25.48% and a return on equity of 16.84%. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction that occurred 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 sale, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,226 shares of company stock valued at $314,838 in the last 90 days. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LSCC shares. KeyCorp lowered their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, November 4th. Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Monday, September 16th. Finally, Robert W. Baird cut their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor 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.