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

Posted by on Aug 6th, 2023

Mirae Asset Global Investments Co. Ltd. lowered its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,462 shares of the semiconductor company’s stock after selling 15,284 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Lattice Semiconductor worth $13,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSCC. Lord Abbett & CO. LLC boosted its holdings in Lattice Semiconductor by 1,882.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,520,055 shares of the semiconductor company’s stock valued at $98,621,000 after acquiring an additional 1,443,368 shares during the last quarter. Norges Bank acquired a new position in Lattice Semiconductor in the fourth quarter valued at $87,617,000. Jackson Square Partners LLC acquired a new position in Lattice Semiconductor in the fourth quarter valued at $69,990,000. Franklin Resources Inc. lifted its stake in shares of Lattice Semiconductor by 45.0% during the fourth quarter. Franklin Resources Inc. now owns 2,595,878 shares of the semiconductor company’s stock worth $168,421,000 after purchasing an additional 805,359 shares in the last quarter. Finally, Robeco Schweiz AG lifted its stake in shares of Lattice Semiconductor by 96.0% during the first quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock worth $93,314,000 after purchasing an additional 750,000 shares in the last quarter. Institutional investors and hedge funds own 98.06% of the company’s stock.

Lattice Semiconductor Stock Up 1.9 %

Shares of NASDAQ LSCC opened at $92.68 on Friday. Lattice Semiconductor Co. has a 1 year low of $44.53 and a 1 year high of $98.18. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 63.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.39 and a current ratio of 3.75. The stock’s 50-day simple moving average is $89.09 and its 200-day simple moving average is $86.70.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp boosted their price objective on Lattice Semiconductor from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 11th. Benchmark boosted their price objective on Lattice Semiconductor from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. TD Cowen boosted their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Rosenblatt Securities boosted their price objective on Lattice Semiconductor to $188.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus boosted their price objective on Lattice Semiconductor from $71.00 to $82.00 in a research note on Tuesday, May 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 406 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $84.68, for a total value of $34,380.08. Following the completion of the sale, the senior vice president now directly owns 2,029 shares of the company’s stock, valued at $171,815.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Tracy Ann Feanny sold 406 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $84.68, for a total value of $34,380.08. Following the completion of the sale, the senior vice president now directly owns 2,029 shares of the company’s stock, valued at $171,815.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Robert Anderson sold 40,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $83.63, for a total value of $3,345,200.00. Following the completion of the sale, the chief executive officer now directly owns 830,766 shares of the company’s stock, valued at $69,476,960.58. The disclosure for this sale can be found here. Insiders sold a total of 90,378 shares of company stock valued at $7,545,223 over the last three months. 1.80% of the stock is owned by insiders.

About Lattice Semiconductor

(Free Report)

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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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