Delta Investment Management LLC Takes $1.88 Million Position in Lattice Semiconductor Corp (NASDAQ:LSCC)

Delta Investment Management LLC purchased a new stake in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 102,852 shares of the semiconductor company’s stock, valued at approximately $1,880,000.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Lattice Semiconductor during the second quarter worth $43,000. C M Bidwell & Associates Ltd. bought a new position in Lattice Semiconductor during the second quarter worth $44,000. B & T Capital Management DBA Alpha Capital Management bought a new position in Lattice Semiconductor during the third quarter worth $116,000. AdvisorNet Financial Inc bought a new position in Lattice Semiconductor during the third quarter worth $145,000. Finally, First Mercantile Trust Co. bought a new position in Lattice Semiconductor during the second quarter worth $155,000. 95.61% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Stephen Douglass sold 13,298 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $19.66, for a total transaction of $261,438.68. Following the completion of the sale, the vice president now directly owns 39,890 shares in the company, valued at approximately $784,237.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Edwin Jensen sold 4,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $19.85, for a total transaction of $79,400.00. Following the sale, the director now owns 81,697 shares of the company’s stock, valued at $1,621,685.45. The disclosure for this sale can be found here. Insiders sold a total of 40,399 shares of company stock valued at $803,365 in the last ninety days. 0.78% of the stock is owned by corporate insiders.

NASDAQ LSCC opened at $19.73 on Friday. Lattice Semiconductor Corp has a 12-month low of $5.38 and a 12-month high of $21.58. The firm has a market cap of $2.69 billion, a P/E ratio of 89.68, a price-to-earnings-growth ratio of 3.61 and a beta of 1.33. The company’s 50 day moving average is $19.13 and its 200-day moving average is $16.77. The company has a quick ratio of 2.20, a current ratio of 2.94 and a debt-to-equity ratio of 0.52.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Lattice Semiconductor had a net margin of 5.60% and a return on equity of 18.64%. The company had revenue of $103.47 million during the quarter, compared to analysts’ expectations of $103.06 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Lattice Semiconductor Corp will post 0.45 EPS for the current year.

A number of equities research analysts have commented on the stock. ValuEngine cut shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird boosted their price target on shares of Lattice Semiconductor to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Dougherty & Co reissued a “buy” rating and issued a $20.00 price target (up previously from $18.00) on shares of Lattice Semiconductor in a research report on Wednesday, July 31st. TheStreet raised shares of Lattice Semiconductor from a “c+” rating to a “b” rating in a research report on Wednesday, July 31st. Finally, BidaskClub lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $15.61.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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