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

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

A number of other hedge funds have also recently bought and sold shares of the company. Rokos Capital Management LLP raised its stake in shares of Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company's stock worth $94,896,000 after buying an additional 1,141,230 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Lattice Semiconductor by 78.7% during the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company's stock valued at $195,179,000 after acquiring an additional 1,098,962 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company's stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. Clearbridge Investments LLC boosted its position in shares of Lattice Semiconductor by 19.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company's stock worth $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Lattice Semiconductor by 34.8% during the first quarter. TD Asset Management Inc now owns 993,346 shares of the semiconductor company's stock worth $77,709,000 after purchasing an additional 256,405 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Price Performance

LSCC stock opened at $53.03 on Wednesday. The business has a 50-day moving average of $49.24 and a 200-day moving average of $58.62. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The stock has a market capitalization of $7.29 billion, a P/E ratio of 33.99 and a beta of 1.39.

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

Insider Activity

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 shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the sale, the chief financial officer now directly owns 90,341 shares of the company's stock, valued at approximately $4,416,771.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $60,343.36. Following the completion of the transaction, the senior vice president now 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. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of recent analyst reports. Susquehanna reduced their target price on Lattice Semiconductor from $85.00 to $65.00 and set a "positive" rating on the stock in a report on Tuesday, July 30th. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, August 3rd. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. Bank of America lowered shares of Lattice Semiconductor from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Finally, TD Cowen raised Lattice Semiconductor to a "strong-buy" rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.08.

Lattice Semiconductor Company 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.