What’s a smart Lattice Semiconductor (NASDAQ:LSCC) investor to do?
In today’s marketplace, there are tons of metrics market participants can use to analyze their holdings. Two of the best are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite investment managers can trounce their index-focused peers by a significant margin (see just how much).
Just as key, bullish insider trading activity is another way to look at the financial markets. Obviously, there are many stimuli for a corporate insider to sell shares of his or her company, but only one, very clear reason why they would behave bullishly. Various academic studies have demonstrated the impressive potential of this strategy if piggybackers know what to do (learn more here).
What’s more, we’re going to examine the latest info surrounding Lattice Semiconductor (NASDAQ:LSCC).
How are hedge funds trading Lattice Semiconductor (NASDAQ:LSCC)?
Heading into Q3, a total of 17 of the hedge funds we track held long positions in this stock, a change of -6% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings substantially.
When using filings from the hedgies we track, Eric Bannasch’s Cadian Capital had the biggest position in Lattice Semiconductor (NASDAQ:LSCC), worth close to $28.2 million, comprising 0.9% of its total 13F portfolio. The second largest stake is held by Brian Ashford-Russell and Tim Woolley of Polar Capital, with a $8.8 million position; 0.3% of its 13F portfolio is allocated to the stock. Remaining hedgies with similar optimism include Glenn Russell Dubin’s Highbridge Capital Management, Jim Simons’s Renaissance Technologies and John Fichthorn’s Dialectic Capital Management.
Due to the fact Lattice Semiconductor (NASDAQ:LSCC) has faced dropping sentiment from upper-tier hedge fund managers, logic holds that there is a sect of funds that elected to cut their positions entirely last quarter. Interestingly, Chuck Royce’s Royce & Associates cut the biggest position of the 450+ funds we track, comprising close to $11.9 million in stock, and Phill Gross and Robert Atchinson of Adage Capital Management was right behind this move, as the fund dumped about $5.9 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 1 funds last quarter.
How are insiders trading Lattice Semiconductor (NASDAQ:LSCC)?
Legal insider trading, particularly when it’s bullish, is particularly usable when the primary stock in question has experienced transactions within the past six months. Over the last 180-day time period, Lattice Semiconductor (NASDAQ:LSCC) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Lattice Semiconductor (NASDAQ:LSCC). These stocks are GT Advanced Technologies Inc (NASDAQ:GTAT), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), Monolithic Power Systems, Inc. (NASDAQ:MPWR), JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), and Magnachip Semiconductor Corp (NYSE:MX). This group of stocks belong to the semiconductor – specialized industry and their market caps are closest to LSCC’s market cap.