Schroder Investment Management Group Trims Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Posted by Defense World Staff on Jun 6th, 2023

Schroder Investment Management Group trimmed its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,169 shares of the semiconductor company’s stock after selling 361 shares during the period. Schroder Investment Management Group’s holdings in Lattice Semiconductor were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Lattice Semiconductor by 29.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 1,737 shares during the period. Acadian Asset Management LLC bought a new position in Lattice Semiconductor in the 1st quarter valued at $122,000. Great West Life Assurance Co. Can boosted its holdings in Lattice Semiconductor by 8.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after purchasing an additional 5,572 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Lattice Semiconductor by 5.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Lattice Semiconductor in the 1st quarter valued at $6,647,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lattice Semiconductor

In related news, SVP Glenn O’rourke sold 359 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $90.80, for a total transaction of $32,597.20. Following the transaction, the senior vice president now owns 1,790 shares in the company, valued at $162,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Glenn O’rourke sold 359 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $90.80, for a total transaction of $32,597.20. Following the transaction, the senior vice president now owns 1,790 shares in the company, valued at $162,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Jeffrey Richardson sold 22,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $84.23, for a total transaction of $1,853,060.00. Following the transaction, the director now owns 29,567 shares in the company, valued at approximately $2,490,428.41. The disclosure for this sale can be found here. Insiders have sold 100,683 shares of company stock worth $8,506,866 over the last 90 days. 1.25% of the stock is owned by company insiders.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $78.62 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 3.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.82 billion, a PE ratio of 55.37 and a beta of 1.28. The firm has a fifty day simple moving average of $86.08 and a two-hundred day simple moving average of $80.22. Lattice Semiconductor Co. has a twelve month low of $43.41 and a twelve month high of $96.82.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last released its quarterly earnings data on Monday, May 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Lattice Semiconductor had a net margin of 28.63% and a return on equity of 44.49%. The firm had revenue of $184.30 million for the quarter, compared to analysts’ expectations of $178.31 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Research analysts expect that Lattice Semiconductor Co. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Lattice Semiconductor in a report on Thursday, May 18th. They issued a “hold” rating for the company. Susquehanna lifted their price objective on shares of Lattice Semiconductor from $75.00 to $95.00 and gave the stock a “positive” rating in a report on Tuesday, February 14th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $75.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Raymond James assumed coverage on shares of Lattice Semiconductor in a report on Tuesday, May 23rd. They set a “market perform” rating for the company. Finally, Benchmark lifted their price objective on shares of Lattice Semiconductor from $65.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.18.

About Lattice Semiconductor

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Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.