Federated Hermes Inc. Cuts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Federated Hermes Inc. lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.6% in the fourth quarter, Holdings Channel reports. The firm owned 27,390 shares of the semiconductor company’s stock after selling 2,265 shares during the period. Federated Hermes Inc.’s holdings in Lattice Semiconductor were worth $1,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. UMB Bank n.a. increased its stake in shares of Lattice Semiconductor by 100.7% during the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC boosted its position in Lattice Semiconductor by 31.2% during the fourth quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 195 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Lattice Semiconductor by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 200 shares during the last quarter. State of Michigan Retirement System boosted its position in Lattice Semiconductor by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company’s stock worth $2,288,000 after acquiring an additional 200 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in Lattice Semiconductor by 34.5% during the third quarter. Grove Bank & Trust now owns 1,009 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Transactions at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,741 shares of company stock worth $3,225,795. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

LSCC has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Benchmark boosted their price target on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $73.88 on Monday. The company’s 50-day moving average is $75.70 and its two-hundred day moving average is $68.91. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 16.67 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

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.