Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,328 shares of the semiconductor company’s stock after selling 2,547 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.14% of Lattice Semiconductor worth $11,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Lattice Semiconductor by 67.7% in the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $53,000. Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter worth approximately $89,000. GAMMA Investing LLC boosted its stake in shares of Lattice Semiconductor by 257.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 1,534 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Lattice Semiconductor by 218.5% during the 3rd quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 2,511 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at $18,253.65. This represents a 92.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,022 shares of company stock worth $596,502. Insiders own 1.19% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $54.16 on Friday. The stock has a fifty day moving average of $58.02 and a two-hundred day moving average of $53.06. The company has a market capitalization of $7.47 billion, a PE ratio of 52.58 and a beta of 1.41. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday. KeyCorp boosted their price target on Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. TD Cowen decreased their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Raymond James decreased their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $64.58.

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.