Royce & Associates LP Reduces Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Royce & Associates LP decreased its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) by 74.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 33,000 shares of the semiconductor company’s stock after selling 95,516 shares during the period. Royce & Associates LP’s holdings in Lattice Semiconductor were worth $2,011,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LSCC. BlackRock Inc. lifted its holdings in Lattice Semiconductor by 2.8% in the fourth quarter. BlackRock Inc. now owns 21,633,746 shares of the semiconductor company’s stock valued at $1,667,096,000 after acquiring an additional 587,681 shares during the period. Eventide Asset Management LLC grew its holdings in Lattice Semiconductor by 707.1% in the 4th quarter. Eventide Asset Management LLC now owns 471,744 shares of the semiconductor company’s stock valued at $36,353,000 after buying an additional 413,297 shares in the last quarter. Millennium Management LLC purchased a new stake in Lattice Semiconductor in the 4th quarter valued at $26,854,000. Invesco Ltd. grew its holdings in Lattice Semiconductor by 4.1% in the 4th quarter. Invesco Ltd. now owns 6,541,890 shares of the semiconductor company’s stock valued at $504,116,000 after buying an additional 255,695 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Lattice Semiconductor in the 4th quarter valued at $16,094,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research note on Tuesday. Craig Hallum decreased their target price on Lattice Semiconductor from $60.00 to $55.00 in a research note on Thursday, May 5th. Cowen increased their target price on Lattice Semiconductor from $70.00 to $78.00 in a research note on Tuesday. Finally, Susquehanna increased their target price on Lattice Semiconductor from $65.00 to $72.00 and gave the stock a “positive” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.88.

Lattice Semiconductor Trading Down 0.0 %

LSCC opened at $64.52 on Friday. Lattice Semiconductor Co. has a one year low of $43.41 and a one year high of $85.45. The company has a market cap of $8.88 billion, a P/E ratio of 66.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.30 and a current ratio of 2.96. The business’s 50-day simple moving average is $52.36 and its 200-day simple moving average is $53.82.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last released its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.11% and a net margin of 23.20%. The business had revenue of $161.37 million for the quarter, compared to the consensus estimate of $157.98 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, equities research analysts expect that Lattice Semiconductor Co. will post 1.18 EPS for the current fiscal year.

Insider Activity

In other news, SVP Glenn O’rourke sold 919 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $49.10, for a total value of $45,122.90. Following the transaction, the senior vice president now owns 31,702 shares in the company, valued at approximately $1,556,568.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Glenn O’rourke sold 919 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $49.10, for a total transaction of $45,122.90. Following the transaction, the senior vice president now owns 31,702 shares in the company, valued at approximately $1,556,568.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Krishna Rangasayee sold 31,256 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $53.82, for a total value of $1,682,197.92. Following the transaction, the director now owns 27,552 shares in the company, valued at approximately $1,482,848.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,643 shares of company stock worth $6,813,332. 1.80% of the stock is currently owned by insiders.

About Lattice Semiconductor

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

Further Reading

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

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