Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Acquired by Hsbc Holdings PLC

Posted by Defense World Staff on Feb 28th, 2023

Hsbc Holdings PLC increased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 123.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,889 shares of the semiconductor company’s stock after acquiring an additional 24,279 shares during the quarter. Hsbc Holdings PLC’s holdings in Lattice Semiconductor were worth $2,195,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Lattice Semiconductor by 0.5% in the first quarter. Vanguard Group Inc. now owns 13,532,184 shares of the semiconductor company’s stock worth $824,787,000 after acquiring an additional 71,477 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Lattice Semiconductor by 33.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,909,504 shares of the semiconductor company’s stock valued at $577,611,000 after buying an additional 3,013,254 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Lattice Semiconductor by 2.5% in the third quarter. Artisan Partners Limited Partnership now owns 9,941,581 shares of the semiconductor company’s stock valued at $489,225,000 after buying an additional 243,980 shares during the last quarter. State Street Corp increased its holdings in Lattice Semiconductor by 3.1% in the first quarter. State Street Corp now owns 4,824,637 shares of the semiconductor company’s stock valued at $294,062,000 after buying an additional 145,678 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Lattice Semiconductor by 36.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,899,298 shares of the semiconductor company’s stock valued at $115,762,000 after buying an additional 506,212 shares during the last quarter. Institutional investors and hedge funds own 97.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LSCC shares. Susquehanna upped their target price on Lattice Semiconductor from $75.00 to $95.00 and gave the company a “positive” rating in a report on Tuesday, February 14th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 14th. Cowen lifted their price objective on shares of Lattice Semiconductor from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, February 14th. Rosenblatt Securities boosted their target price on shares of Lattice Semiconductor from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, StockNews.com lowered shares of Lattice Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.90.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Glenn O’rourke sold 13,334 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $82.76, for a total transaction of $1,103,521.84. Following the completion of the sale, the senior vice president now directly owns 23,642 shares of the company’s stock, valued at approximately $1,956,611.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Glenn O’rourke sold 13,334 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $82.76, for a total transaction of $1,103,521.84. Following the transaction, the senior vice president now directly owns 23,642 shares of the company’s stock, valued at $1,956,611.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Robert Anderson sold 26,034 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $70.36, for a total transaction of $1,831,752.24. Following the transaction, the chief executive officer now directly owns 758,500 shares in the company, valued at $53,368,060. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,773 shares of company stock valued at $9,879,803. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $83.65 on Tuesday. Lattice Semiconductor Co. has a 1 year low of $43.41 and a 1 year high of $92.55. The firm has a market cap of $11.49 billion, a P/E ratio of 65.35 and a beta of 1.34. The stock has a fifty day moving average price of $75.06 and a two-hundred day moving average price of $63.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.11 and a current ratio of 2.98.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The semiconductor company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Lattice Semiconductor had a net margin of 27.09% and a return on equity of 42.26%. The company had revenue of $175.96 million during the quarter, compared to the consensus estimate of $174.73 million. During the same period in the prior year, the company earned $0.21 EPS. Lattice Semiconductor’s revenue was up 24.1% on a year-over-year basis. Research analysts forecast that Lattice Semiconductor Co. will post 1.68 EPS for the current fiscal year.

Lattice Semiconductor Company Profile

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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.