Lattice Semiconductor (LSCC) Hedge Funds Are Snapping Up

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Consequently, specific money managers have jumped into Lattice Semiconductor (NASDAQ:LSCC) headfirst. Soros Fund Management established the most valuable position in Lattice Semiconductor (NASDAQ:LSCC). Soros Fund Management had $2.6 million invested in the company at the end of the quarter. Citadel Investment Group also initiated a $1.4 million position during the quarter. The other funds with new positions in the stock are  Millennium Management, Andrew Wallach and Jason Ader’s Cumberland Associates / Springowl Associates, and Cliff Asness’  AQR Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Lattice Semiconductor (NASDAQ:LSCC). These stocks are MedEquities Realty Trust Inc (NYSE:MRT), Northfield Bancorp Inc (NASDAQ:NFBK), Walker & Dunlop Inc. (NYSE:WD), and Atrion Corporation (NASDAQ:ATRI). All of these stocks’ market caps are closest to LSCC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MRT 14 75213 14
NFBK 5 31621 0
WD 11 33055 -5
ATRI 5 34244 -1

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $44 million. That figure was $25 million in LSCC’s case. MedEquities Realty Trust Inc (NYSE:MRT) is the most popular stock in this table. On the other hand Northfield Bancorp Inc (NASDAQ:NFBK) is the least popular one with only 5 bullish hedge fund positions. Lattice Semiconductor (NASDAQ:LSCC) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MRT might be a better candidate to consider taking a long position in.

Disclosure: None

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