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
