JPMorgan Chase & Co. lowered its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 36.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,874,233 shares of the semiconductor company’s stock after selling 1,091,193 shares during the period. JPMorgan Chase & Co.’s holdings in Lattice Semiconductor Corporation were worth $12,969,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Associates Ltd. raised its position in shares of Lattice Semiconductor Corporation by 2.2% in the first quarter. Pinnacle Associates Ltd. now owns 87,750 shares of the semiconductor company’s stock worth $607,000 after buying an additional 1,900 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Lattice Semiconductor Corporation by 23.3% in the fourth quarter. Boothbay Fund Management LLC now owns 18,985 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 3,585 shares during the period. Teachers Advisors LLC raised its stake in Lattice Semiconductor Corporation by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 198,816 shares of the semiconductor company’s stock valued at $1,463,000 after buying an additional 7,001 shares during the period. Gabelli Funds LLC raised its stake in Lattice Semiconductor Corporation by 19.3% in the first quarter. Gabelli Funds LLC now owns 121,628 shares of the semiconductor company’s stock valued at $842,000 after buying an additional 19,666 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in Lattice Semiconductor Corporation by 22.4% in the first quarter. IndexIQ Advisors LLC now owns 115,953 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 21,241 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lattice Semiconductor Corporation (LSCC) opened at 6.67 on Thursday. Lattice Semiconductor Corporation has a 12-month low of $4.89 and a 12-month high of $7.99. The firm has a 50-day moving average price of $6.89 and a 200 day moving average price of $7.00. The firm’s market cap is $814.94 million.
Lattice Semiconductor Corporation (NASDAQ:LSCC) last posted its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Lattice Semiconductor Corporation had a positive return on equity of 3.72% and a negative net margin of 9.57%. The firm had revenue of $104.59 million during the quarter, compared to the consensus estimate of $106.30 million. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts anticipate that Lattice Semiconductor Corporation will post $0.32 earnings per share for the current fiscal year.
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LSCC has been the topic of several research reports. Jefferies Group LLC reissued a “hold” rating and issued a $8.30 target price on shares of Lattice Semiconductor Corporation in a report on Thursday, April 27th. Zacks Investment Research raised Lattice Semiconductor Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th.
In other news, Director Robin Ann Abrams sold 9,091 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $7.00, for a total value of $63,637.00. Following the sale, the director now owns 82,035 shares of the company’s stock, valued at approximately $574,245. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.28% of the stock is currently owned by insiders.
About Lattice Semiconductor Corporation
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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