Sumitomo Mitsui DS Asset Management Company Ltd Has $850,000 Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 39.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,016 shares of the semiconductor company’s stock after selling 10,549 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lattice Semiconductor were worth $850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Financial Group LLC lifted its stake in shares of Lattice Semiconductor by 3.5% in the third quarter. Marshall Financial Group LLC now owns 12,862 shares of the semiconductor company’s stock worth $683,000 after acquiring an additional 436 shares during the period. Inspire Investing LLC lifted its position in shares of Lattice Semiconductor by 6.4% in the 3rd quarter. Inspire Investing LLC now owns 25,833 shares of the semiconductor company’s stock worth $1,371,000 after purchasing an additional 1,554 shares during the period. CWM LLC boosted its stake in shares of Lattice Semiconductor by 22.2% in the 3rd quarter. CWM LLC now owns 20,616 shares of the semiconductor company’s stock valued at $1,094,000 after purchasing an additional 3,750 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Lattice Semiconductor by 257.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Lattice Semiconductor by 26.5% during the third quarter. Handelsbanken Fonder AB now owns 35,800 shares of the semiconductor company’s stock worth $1,900,000 after buying an additional 7,500 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on LSCC shares. TD Cowen raised shares of Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th. Susquehanna cut their target price on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating on the stock in a research report on Tuesday, July 30th. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Bank of America lowered Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $83.00 to $47.00 in a research note on Tuesday, July 30th. Finally, Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $63.08.

Insider Transactions at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $53.03 on Wednesday. The company has a fifty day moving average price of $49.24 and a 200-day moving average price of $58.62. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 33.99 and a beta of 1.39. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue was down 34.7% compared to the same quarter last year. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.59 EPS for the current fiscal year.

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.