Hsbc Holdings PLC Buys 142,137 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Hsbc Holdings PLC lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 222.0% during the second quarter, HoldingsChannel reports. The firm owned 206,149 shares of the semiconductor company’s stock after acquiring an additional 142,137 shares during the quarter. Hsbc Holdings PLC’s holdings in Lattice Semiconductor were worth $11,948,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LSCC. Principal Securities Inc. bought a new stake in Lattice Semiconductor during the fourth quarter worth $31,000. Dimensional Fund Advisors LP raised its holdings in shares of Lattice Semiconductor by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 681,919 shares of the semiconductor company’s stock valued at $47,054,000 after purchasing an additional 25,849 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Lattice Semiconductor in the 4th quarter valued at about $409,000. UBS Group AG grew its holdings in Lattice Semiconductor by 60.2% during the fourth quarter. UBS Group AG now owns 240,638 shares of the semiconductor company’s stock worth $16,602,000 after purchasing an additional 90,434 shares during the period. Finally, Assetmark Inc. increased its position in Lattice Semiconductor by 26.1% during the fourth quarter. Assetmark Inc. now owns 21,853 shares of the semiconductor company’s stock worth $1,508,000 after buying an additional 4,517 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LSCC. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a research report on Monday, September 16th. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Susquehanna cut their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Trading Down 2.7 %

NASDAQ LSCC opened at $52.82 on Monday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 33.86 and a beta of 1.38. The company has a 50 day moving average of $49.28 and a 200-day moving average of $62.63. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $87.64.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. Lattice Semiconductor’s revenue was down 34.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.