Sumitomo Mitsui DS Asset Management Company Ltd Has $850,000 Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 39.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,016 shares of the semiconductor company's stock after selling 10,549 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Lattice Semiconductor were worth $850,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LSCC. Blue Trust Inc. boosted its holdings in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company's stock worth $67,000 after buying an additional 748 shares during the last quarter. Norden Group LLC boosted its holdings in Lattice Semiconductor by 1,196.1% during the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company's stock worth $5,212,000 after buying an additional 61,478 shares during the last quarter. Swedbank AB bought a new position in Lattice Semiconductor during the first quarter worth about $4,186,000. BNP Paribas Financial Markets boosted its holdings in Lattice Semiconductor by 28.9% during the first quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company's stock worth $45,956,000 after buying an additional 131,881 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Lattice Semiconductor by 21.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,605 shares of the semiconductor company's stock worth $12,763,000 after buying an additional 28,041 shares during the last quarter. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC traded up $0.04 during trading hours on Wednesday, reaching $53.07. 1,999,002 shares of the stock were exchanged, compared to its average volume of 2,384,423. Lattice Semiconductor Co. has a twelve month low of $40.65 and a twelve month high of $85.69. The firm has a 50 day moving average of $49.24 and a 200 day moving average of $58.62. The stock has a market cap of $7.30 billion, a PE ratio of 33.99 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period last year, the company earned $0.40 EPS. The company's revenue was down 34.7% compared to the same quarter last year. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares in the company, valued at $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares of the company's stock, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LSCC shares. TD Cowen upgraded Lattice Semiconductor to a "strong-buy" rating in a report on Monday, September 16th. Benchmark reiterated a "buy" rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Susquehanna decreased their price objective on Lattice Semiconductor from $85.00 to $65.00 and set a "positive" rating for the company in a research report on Tuesday, July 30th. Bank of America lowered Lattice Semiconductor from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $63.08.

Lattice Semiconductor 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.