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Hedge Funds Are Dumping Lattice Semiconductor (LSCC)

Judging by the fact that Lattice Semiconductor (NASDAQ:LSCC) has witnessed a declining sentiment from the aggregate hedge fund industry, we can see that there was a specific group of hedge funds who were dropping their entire stakes by the end of the third quarter. It’s worth mentioning that Cliff Asness’ AQR Capital Management dumped the biggest investment of all the hedgies followed by Insider Monkey, worth about $3.1 million in stock, and Lee Munder of Lee Munder Capital Group was right behind this move, as the fund sold off about $2.1 million worth. These moves are important to note, as aggregate hedge fund interest fell by 5 funds by the end of the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Lattice Semiconductor (NASDAQ:LSCC) but similarly valued. These stocks are RigNet Inc (NASDAQ:RNET), RAIT Financial Trust (NYSE:RAS), Tejon Ranch Company (NYSE:TRC), and Steel Partners Holdings LP (NYSE:SPLP). This group of stocks’ market caps is similar to LSCC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RNET 9 40236 1
RAS 15 46651 1
TRC 6 110737 1
SPLP 7 73864 2

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 $68 million. By comparison, hedge funds amassed $52 million worth of Lattice Semiconductor’s stock and the overall interest is below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, RAIT Financial Trust (NYSE:RAS) might be a better candidate to consider a long position.

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