Lattice Semiconductor Co. (NASDAQ:LSCC) Stock Position Cut by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 92.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,982 shares of the semiconductor company’s stock after selling 161,991 shares during the quarter. Federated Hermes Inc.’s holdings in Lattice Semiconductor were worth $792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $88,674,000. TimesSquare Capital Management LLC lifted its holdings in shares of Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Lattice Semiconductor in the fourth quarter worth approximately $28,325,000. Barclays PLC boosted its holdings in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after acquiring an additional 229,820 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Lattice Semiconductor Price Performance

LSCC stock opened at $43.64 on Wednesday. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.85. The stock has a market capitalization of $6.01 billion, a PE ratio of 99.18, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The company’s 50-day moving average is $56.89 and its 200-day moving average is $55.94.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LSCC shares. KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Stifel Nicolaus raised their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Susquehanna raised their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.69.

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.