Sumitomo Mitsui Trust Group Inc. Has $422,000 Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui Trust Group Inc. reduced its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 97.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,943 shares of the semiconductor company’s stock after selling 264,174 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lattice Semiconductor were worth $422,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in Lattice Semiconductor by 11.5% in the 1st quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 152 shares during the period. Swedbank AB grew its holdings in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after buying an additional 300 shares during the last quarter. Tidal Investments LLC increased its position in shares of Lattice Semiconductor by 10.2% during the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 308 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after acquiring an additional 394 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 407 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 3.1 %

Lattice Semiconductor stock opened at $48.58 on Wednesday. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 47.17 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a fifty day simple moving average of $51.60 and a two-hundred day simple moving average of $56.00.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The company had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. On average, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LSCC shares. Raymond James cut their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Susquehanna cut their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird lowered their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. TD Cowen cut their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor 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.