ETFs Are Net Sellers of Lattice Semiconductor (LSCC) on Nov. 2
This article first appeared on GuruFocus.
Sixteen ETFs were buying Lattice Semiconductor (LSCC) versus 9 selling on Monday, but the sellers moved more money, leaving a net outflow of $36.5 million. More funds traded the other way, yet in smaller amounts. It was the second straight day of net selling after outflows of $27.1 million on Oct. 30, following three sessions of modest net buying. ETF activity has now turned negative for two consecutive days.
Every ETF and guru trade in LSCC is tracked on the LSCC guru trades page.
Which ETFs sold LSCC on Monday?
The largest sellers by dollar value were BAI ($36.7 million), PSI ($0.3 million) and XSD ($0.3 million). In all, 16 ETFs added shares and 9 cut them.
BAI accounted for nearly all of the move, cutting its position by 384,606 shares, a 38.12% reduction worth $36.7 million, and still holds 624,348 shares at a 0.54% portfolio weight. PSI trimmed 3,190 shares (-0.52%, $0.3 million) and XSD cut 2,715 shares (-0.46%, $0.3 million), while IWF, SMMD, IWR, IWB and SPTM made only fractional changes. Lattice operates in the Technology sector’s Semiconductors industry with a market cap of $15.0 billion.
Have ETFs been buying or selling LSCC lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does LSCC do?
Lattice Semiconductor Corp is a US-based fabless semiconductor company that develops low-power programmable logic devices. Its main products include field-programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), and related software, intellectual property, and development boards.
Lattice reported trailing-12-month revenue of $808.8 million, up 60.4% year over year, with a 66.0% gross margin and a 5.5% net margin. Its P/E stands at 334.13, P/B at 10.74 and P/S at 18.42, against a $15.0 billion market cap. The GF Score is 86, and GF Value of $90.06 compares with a price of $105.92. The stock is up 43.95% year to date.