Tsinghua Unigroup International Co, Ltd revealed that they own a 4.6% stake in Lattice Semiconductor Corp. (NASDAQ:LSCC) in a Form 13D/A disclosure that was filed with the SEC on Monday, October 3rd. The investor owns 5,588,167 shares of the stock valued at about $36,267,204. The reporting parties listed on the disclosure included Tsinghua Unigroup International Co, Ltd, Tsinghua Unigroup Capital Management Co, Ltd and Tsinghua Unigroup Co, Ltd. The filing is available through Edgar at this hyperlink.
A number of other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Lattice Semiconductor Corp. by 698.6% in the second quarter. Tower Research Capital LLC TRC now owns 19,381 shares of the company’s stock worth $103,000 after buying an additional 16,954 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Lattice Semiconductor Corp. by 72.7% in the second quarter. Principal Financial Group Inc. now owns 21,167 shares of the company’s stock worth $113,000 after buying an additional 8,914 shares during the last quarter. Blue Rock Advisors LLC purchased a new position in shares of Lattice Semiconductor Corp. during the first quarter worth approximately $129,000. Royal Bank of Canada boosted its position in shares of Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock worth $131,000 after buying an additional 554 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Lattice Semiconductor Corp. during the second quarter worth approximately $130,000. Institutional investors own 78.01% of the company’s stock.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded down 1.39% during midday trading on Monday, hitting $6.40. The company had a trading volume of 908,673 shares. Lattice Semiconductor Corp. has a 52-week low of $3.68 and a 52-week high of $7.07. The stock’s market cap is $770.26 million. The stock’s 50-day moving average price is $6.22 and its 200-day moving average price is $5.84.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.12. The firm had revenue of $99.20 million for the quarter, compared to analyst estimates of $100.07 million. Lattice Semiconductor Corp. had a negative return on equity of 9.12% and a negative net margin of 25.54%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, equities research analysts expect that Lattice Semiconductor Corp. will post $0.19 EPS for the current fiscal year.
LSCC has been the subject of a number of research analyst reports. Jefferies Group reissued a “buy” rating on shares of Lattice Semiconductor Corp. in a report on Thursday, September 8th. Susquehanna initiated coverage on Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They set a “positive” rating for the company. Zacks Investment Research cut Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Finally, Robert W. Baird reissued an “outperform” rating and set a $8.00 target price on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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