Hillsdale Investment Management Inc. Acquires 14,300 Shares of Lattice Semiconductor Corp (NASDAQ:LSCC)

Hillsdale Investment Management Inc. lifted its holdings in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 28.9% in the second quarter, Holdings Channel.com reports. The fund owned 63,700 shares of the semiconductor company’s stock after purchasing an additional 14,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Lattice Semiconductor were worth $929,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LSCC. Swiss National Bank grew its position in shares of Lattice Semiconductor by 3.7% during the 2nd quarter. Swiss National Bank now owns 232,600 shares of the semiconductor company’s stock worth $3,394,000 after buying an additional 8,400 shares during the period. Columbus Circle Investors acquired a new stake in shares of Lattice Semiconductor during the 2nd quarter worth approximately $1,204,000. Rice Hall James & Associates LLC grew its position in shares of Lattice Semiconductor by 27.9% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,244,908 shares of the semiconductor company’s stock worth $18,163,000 after buying an additional 271,716 shares during the period. Aperio Group LLC grew its position in shares of Lattice Semiconductor by 15.5% during the 2nd quarter. Aperio Group LLC now owns 19,214 shares of the semiconductor company’s stock worth $280,000 after buying an additional 2,572 shares during the period. Finally, KBC Group NV grew its position in shares of Lattice Semiconductor by 1,395.1% during the 2nd quarter. KBC Group NV now owns 402,267 shares of the semiconductor company’s stock worth $5,870,000 after buying an additional 375,362 shares during the period. 93.57% of the stock is owned by institutional investors.

In related news, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $14.38, for a total transaction of $57,520.00. Following the transaction, the director now owns 85,697 shares of the company’s stock, valued at approximately $1,232,322.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Esam Elashmawi acquired 5,000 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $12.17 per share, for a total transaction of $60,850.00. Following the purchase, the vice president now directly owns 25,000 shares in the company, valued at $304,250. The disclosure for this purchase can be found here. Insiders have sold a total of 74,757 shares of company stock worth $1,364,334 in the last three months. 0.78% of the stock is owned by insiders.

Several brokerages have recently commented on LSCC. Dougherty & Co reiterated a “buy” rating and set a $20.00 price target (up previously from $18.00) on shares of Lattice Semiconductor in a research report on Wednesday, July 31st. BidaskClub upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 12th. Zacks Investment Research cut shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price target on shares of Lattice Semiconductor in a research report on Monday, May 20th. Finally, ValuEngine cut shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.85.

Lattice Semiconductor stock traded up $0.65 during midday trading on Friday, hitting $19.08. 2,050,500 shares of the stock were exchanged, compared to its average volume of 2,425,987. The company has a fifty day simple moving average of $16.95 and a two-hundred day simple moving average of $13.60. Lattice Semiconductor Corp has a 52 week low of $5.38 and a 52 week high of $20.90. The stock has a market capitalization of $2.45 billion, a PE ratio of 86.73, a P/E/G ratio of 3.21 and a beta of 1.33. The company has a quick ratio of 2.30, a current ratio of 3.08 and a debt-to-equity ratio of 0.66.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Lattice Semiconductor had a net margin of 3.98% and a return on equity of 17.47%. The business had revenue of $102.30 million for the quarter, compared to analyst estimates of $99.72 million. During the same quarter last year, the firm earned $0.10 EPS. Lattice Semiconductor’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor Corp will post 0.46 EPS for the current fiscal year.

About Lattice Semiconductor

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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