Sumitomo Mitsui Trust Group Inc. Acquires 787 Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC)

Sumitomo Mitsui Trust Group Inc. lifted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 8.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,794 shares of the semiconductor company’s stock after purchasing an additional 787 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Lattice Semiconductor were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after purchasing an additional 4,676,100 shares during the period. Norges Bank purchased a new stake in Lattice Semiconductor in the fourth quarter worth about $88,674,000. Janus Henderson Group PLC boosted its position in Lattice Semiconductor by 740.3% during the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock valued at $76,843,000 after acquiring an additional 1,195,624 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $44,147,000. Finally, Brown Advisory Inc. grew its holdings in shares of Lattice Semiconductor by 110.6% during the 4th quarter. Brown Advisory Inc. now owns 970,411 shares of the semiconductor company’s stock worth $54,974,000 after acquiring an additional 509,704 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Rosenblatt Securities restated a “buy” rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Robert W. Baird increased their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Loop Capital cut their price objective on Lattice Semiconductor from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.15.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $52.03 on Friday. The company has a market cap of $7.15 billion, a P/E ratio of 140.61, a P/E/G ratio of 3.50 and a beta of 1.52. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $70.55. The firm’s fifty day moving average is $49.58 and its two-hundred day moving average is $53.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The firm had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the business posted $0.29 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, analysts forecast that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tracy Ann Feanny sold 1,790 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president directly owned 87,106 shares in the company, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the transaction, the director directly owned 8,084 shares of the company’s stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

About Lattice Semiconductor

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.