Putnam Investments LLC Reduces Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Posted by Defense World Staff on Sep 16th, 2023

Putnam Investments LLC decreased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Free Report) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,879 shares of the semiconductor company’s stock after selling 15,141 shares during the quarter. Putnam Investments LLC owned approximately 0.09% of Lattice Semiconductor worth $11,353,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Lattice Semiconductor by 41.9% during the first quarter. FMR LLC now owns 10,476,087 shares of the semiconductor company’s stock worth $1,000,466,000 after buying an additional 3,095,892 shares during the last quarter. Norges Bank purchased a new position in shares of Lattice Semiconductor during the fourth quarter worth about $87,617,000. 1832 Asset Management L.P. grew its holdings in shares of Lattice Semiconductor by 707.8% during the first quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock worth $98,203,000 after buying an additional 901,000 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 805,359 shares during the last quarter. Finally, Robeco Schweiz AG grew its holdings 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 buying an additional 750,000 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of research reports. Susquehanna raised their price target on Lattice Semiconductor from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st. StockNews.com initiated coverage on Lattice Semiconductor in a report on Thursday, August 17th. They set a “hold” rating on the stock. TD Cowen raised their price objective on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Benchmark raised their price objective on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Rosenblatt Securities raised their price objective on shares of Lattice Semiconductor to $188.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

View Our Latest Research Report on LSCC

Lattice Semiconductor Price Performance

LSCC stock opened at $87.45 on Friday. The firm has a 50 day moving average of $91.36 and a 200-day moving average of $88.87. Lattice Semiconductor Co. has a 12-month low of $44.53 and a 12-month high of $98.30. The company has a current ratio of 3.75, a quick ratio of 2.53 and a debt-to-equity ratio of 0.08. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 59.90 and a beta of 1.26.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Lattice Semiconductor had a net margin of 28.34% and a return on equity of 43.37%. The company had revenue of $190.08 million for the quarter, compared to analyst estimates of $188.15 million. As a group, equities analysts expect that Lattice Semiconductor Co. will post 1.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO James Robert Anderson sold 40,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the completion of the transaction, the chief executive officer now directly owns 788,847 shares in the company, valued at approximately $69,386,982.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Robert Anderson sold 40,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the completion of the transaction, the chief executive officer now directly owns 788,847 shares in the company, valued at approximately $69,386,982.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Jeffrey Richardson sold 21,918 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $91.62, for a total value of $2,008,127.16. Following the transaction, the director now owns 33,600 shares of the company’s stock, valued at $3,078,432. The disclosure for this sale can be found here. Insiders sold 120,184 shares of company stock worth $10,862,710 in the last ninety days. Insiders own 1.80% of the company’s stock.

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.