Lattice Semiconductor Target of Unusually Large Options Trading (NASDAQ:LSCC)

Lattice Semiconductor Corp (NASDAQ:LSCC) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 7,813 call options on the stock. This is an increase of approximately 2,871% compared to the typical daily volume of 263 call options.

Shares of Lattice Semiconductor stock opened at $16.39 on Thursday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 74.50, a P/E/G ratio of 3.51 and a beta of 1.36. Lattice Semiconductor has a 52 week low of $5.38 and a 52 week high of $17.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.01 and a quick ratio of 3.06. The company has a 50 day moving average of $14.54.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The company had revenue of $98.09 million during the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a negative net margin of 3.25% and a positive return on equity of 15.47%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts predict that Lattice Semiconductor will post 0.39 earnings per share for the current year.

In related news, VP Byron Wayne Milstead sold 3,632 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $12.14, for a total value of $44,092.48. Following the sale, the vice president now owns 12,385 shares of the company’s stock, valued at $150,353.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of the firm’s 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 completion of the sale, the director now directly owns 85,697 shares in the company, valued at approximately $1,232,322.86. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in shares of Lattice Semiconductor by 157.3% during the first quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 3,091 shares during the last quarter. Bank of Montreal Can grew its position in shares of Lattice Semiconductor by 226.5% during the first quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 4,231 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $72,000. Pearl River Capital LLC grew its position in shares of Lattice Semiconductor by 196.1% during the first quarter. Pearl River Capital LLC now owns 11,450 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 7,583 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $81,000. Institutional investors and hedge funds own 90.57% of the company’s stock.

Several brokerages have commented on LSCC. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Cowen dropped their price target on shares of TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 11th. Zacks Investment Research lowered shares of Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Lattice Semiconductor in a research note on Monday, May 20th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.39.

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.

Further Reading: Overbought

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