abrdn plc Has $30.85 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

abrdn plc trimmed its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 27.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 447,183 shares of the semiconductor company’s stock after selling 171,914 shares during the period. abrdn plc owned 0.32% of Lattice Semiconductor worth $30,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at about $496,000. AE Wealth Management LLC grew its holdings in Lattice Semiconductor by 39.7% in the 3rd quarter. AE Wealth Management LLC now owns 3,098 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 881 shares during the last quarter. SG Americas Securities LLC increased its position in Lattice Semiconductor by 15.7% in the 3rd quarter. SG Americas Securities LLC now owns 27,973 shares of the semiconductor company’s stock worth $2,404,000 after buying an additional 3,802 shares during the period. Hanlon Investment Management Inc. lifted its holdings in shares of Lattice Semiconductor by 14.0% during the third quarter. Hanlon Investment Management Inc. now owns 3,242 shares of the semiconductor company’s stock worth $279,000 after buying an additional 398 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 100.7% during the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after buying an additional 154 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock worth $3,225,795 in the last quarter. 1.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LSCC. KeyCorp boosted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Benchmark boosted their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Needham & Company LLC restated a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Lattice Semiconductor Trading Down 0.6 %

LSCC stock opened at $66.08 on Tuesday. The firm has a market cap of $9.09 billion, a P/E ratio of 35.72, a P/E/G ratio of 15.01 and a beta of 1.38. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The business’s 50 day moving average is $75.88 and its 200-day moving average is $69.15.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. Sell-side analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current 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.