Great West Life Assurance Co. Can Continues to Hold Position in Lattice Semiconductor Corp. (LSCC)
Great West Life Assurance Co. Can continued to hold its stake in shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,898 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Lattice Semiconductor Corp. were worth $147,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Blue Rock Advisors LLC acquired a new position in Lattice Semiconductor Corp. during the first quarter valued at approximately $129,000. Royal Bank of Canada boosted its position in Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock valued at $131,000 after buying an additional 554 shares during the period. Menta Capital LLC acquired a new position in Lattice Semiconductor Corp. during the first quarter valued at approximately $170,000. Pacad Investment Ltd. acquired a new position in Lattice Semiconductor Corp. during the first quarter valued at approximately $222,000. Finally, FNY Managed Accounts LLC boosted its position in Lattice Semiconductor Corp. by 9.3% in the second quarter. FNY Managed Accounts LLC now owns 47,901 shares of the company’s stock valued at $256,000 after buying an additional 4,093 shares during the period. 78.03% of the stock is owned by institutional investors.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded up 4.33% during midday trading on Thursday, reaching $6.51. The company’s stock had a trading volume of 1,501,346 shares. Lattice Semiconductor Corp. has a 1-year low of $3.57 and a 1-year high of $7.07. The firm has a 50 day moving average price of $6.11 and a 200 day moving average price of $5.81. The firm’s market capitalization is $783.50 million.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. The company earned $99.20 million during the quarter, compared to the consensus estimate of $100.07 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
Several brokerages recently issued reports on LSCC. Robert W. Baird restated an “outperform” rating and set a $8.00 price objective on shares of Lattice Semiconductor Corp. in a research note on Thursday, August 11th. Jefferies Group restated a “buy” rating on shares of Lattice Semiconductor Corp. in a research note on Thursday, September 8th. Zacks Investment Research cut Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th. Finally, Susquehanna began coverage on Lattice Semiconductor Corp. in a research note on Tuesday. They set a “positive” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Lattice Semiconductor Corp. has an average rating of “Hold” and an average target price of $7.00.
About Lattice Semiconductor Corp.
Lattice Semiconductor Corporation is engaged in providing connectivity solutions. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure.
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