Quentec Asset Management buys $16,118,728 stake in Lattice Semiconductor (LSCC)

Lattice Semiconductor (LSCC) : Quentec Asset Management scooped up 21,312 additional shares in Lattice Semiconductor during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,082,523 shares of Lattice Semiconductor which is valued at $16,118,728.Lattice Semiconductor makes up approximately 3.77% of Quentec Asset Management’s portfolio.

Other Hedge Funds, Including , Millennium Management added LSCC to its portfolio by purchasing 203,942 company shares during the most recent quarter which is valued at $1,578,511.Aperio Group boosted its stake in LSCC in the latest quarter, The investment management firm added 4,853 additional shares and now holds a total of 31,286 shares of Lattice Semiconductor which is valued at $199,292. Concannon Wealth Management added LSCC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $6,060. Lattice Semiconductor makes up approx 0.01% of Concannon Wealth Management’s portfolio.Nationwide Fund Advisors reduced its stake in LSCC by selling 14,042 shares or 13.7% in the most recent quarter. The Hedge Fund company now holds 88,487 shares of LSCC which is valued at $576,050.

Lattice Semiconductor opened for trading at $7.51 and hit $7.6 on the upside on Monday, eventually ending the session at $7.54, with a gain of 0.53% or 0.04 points. The heightened volatility saw the trading volume jump to 33,24,312 shares. Company has a market cap of $913 M.

On the company’s financial health, Lattice Semiconductor reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.01. The company had revenue of $96.50 million for the quarter, compared to analysts expectations of $98.00 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Lattice Semiconductor. Robert W. Baird Downgraded Lattice Semiconductor on Nov 3, 2016 to ” Neutral”, Price Target of the shares are set at $8.Lattice Semiconductor was Initiated by Susquehanna to “Positive” on Sep 20, 2016.

Lattice Semiconductor Corporation (Lattice) designs develops and markets programmable logic products and related software. The Company also provides design services customer training field engineering and technical support. The Company has two programmable logic device (PLD) architectures which include field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs). Its product offerings under new category include LatticeECP5 MachXO3 Power Manager II and iCE40; products under mainstream include ispMACH4000ZE ispMACH 4000/Z LatticeECP2/M LatticeXP2 MachXO ispClock A/D/S and Software and IP and products under mature include ispXPLD FPSC ORCA 2 ORCA 3 ORCA 4 ispPAC ispLSI 8000V ispMACH 5000B ispMACH 2LV ispMACH 5LV ispLSI 2000V ispLSI 5000V ispMACH 5000VG 5-volt CPLDs ispGDX2 GDX/V ispMACH 4/LV iCE65 ispClock Power Manager I SPLDs LatticeECP and LatticeXP. It also includes Silicon Image Top Solutions and Silicon Image IP Cores.

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