Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Lattice Semiconductor Corporation $LSCC

Mirae Asset Global Investments Co. Ltd. cut its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 92.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,916 shares of the semiconductor company’s stock after selling 202,945 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lattice Semiconductor were worth $1,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cambiar Investors LLC acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at $6,781,000. Pier 88 Investment Partners LLC lifted its holdings in Lattice Semiconductor by 63.4% during the third quarter. Pier 88 Investment Partners LLC now owns 27,320 shares of the semiconductor company’s stock valued at $2,003,000 after purchasing an additional 10,600 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Lattice Semiconductor by 6.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,006 shares of the semiconductor company’s stock valued at $954,000 after purchasing an additional 765 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of Lattice Semiconductor by 7.0% during the third quarter. First Citizens Bank & Trust Co. now owns 21,014 shares of the semiconductor company’s stock worth $1,541,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Lattice Semiconductor by 0.7% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 21,312 shares of the semiconductor company’s stock worth $1,563,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Up 0.4%

Shares of LSCC opened at $81.79 on Thursday. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $89.92. The stock has a fifty day simple moving average of $78.98 and a two-hundred day simple moving average of $70.32. The company has a market capitalization of $11.19 billion, a PE ratio of 408.97, a price-to-earnings-growth ratio of 3.53 and a beta of 1.70.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Lattice Semiconductor had a net margin of 5.50% and a return on equity of 4.73%. The firm had revenue of $133.35 million during the quarter, compared to analyst estimates of $133.03 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Lattice Semiconductor’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSCC has been the topic of several research analyst reports. Rosenblatt Securities lifted their price objective on Lattice Semiconductor from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Benchmark lifted their price target on Lattice Semiconductor from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Williams Trading set a $82.00 price target on Lattice Semiconductor in a research report on Tuesday, November 4th. Royal Bank Of Canada initiated coverage on Lattice Semiconductor in a report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price objective on the stock. Finally, Jefferies Financial Group raised shares of Lattice Semiconductor to a “strong-buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $82.38.

Insider Activity

In other Lattice Semiconductor news, CEO Ford Tamer bought 10,000 shares of Lattice Semiconductor stock in a transaction on Friday, November 7th. The shares were bought at an average price of $61.95 per share, for a total transaction of $619,500.00. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares of the company’s stock, valued at $619,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Tonya Stevens sold 2,593 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $66.75, for a total value of $173,082.75. Following the transaction, the chief accounting officer owned 74,505 shares of the company’s stock, valued at approximately $4,973,208.75. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,105 shares of company stock worth $1,369,590 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.