Corebridge Financial Inc. reduced its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,683 shares of the semiconductor company's stock after selling 3,777 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Lattice Semiconductor worth $8,061,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Lattice Semiconductor by 24.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,800,552 shares of the semiconductor company's stock valued at $409,139,000 after purchasing an additional 1,517,395 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Lattice Semiconductor by 740.3% during the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock valued at $76,843,000 after purchasing an additional 1,195,624 shares in the last quarter. Invesco Ltd. boosted its position in shares of Lattice Semiconductor by 93.2% during the first quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company's stock valued at $113,192,000 after purchasing an additional 1,040,804 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Lattice Semiconductor by 110.6% during the fourth quarter. Brown Advisory Inc. now owns 970,411 shares of the semiconductor company's stock valued at $54,974,000 after purchasing an additional 509,704 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Lattice Semiconductor during the first quarter valued at approximately $25,906,000. 98.08% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on LSCC shares. Williams Trading set a $60.00 target price on Lattice Semiconductor in a report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. KeyCorp dropped their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Raymond James Financial reissued 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. Finally, Robert W. Baird boosted their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $63.58.
Get Our Latest Report on Lattice Semiconductor
Insider Buying and Selling
In related news, CAO Tonya Stevens sold 3,439 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $64.92, for a total value of $223,259.88. Following the completion of the transaction, the chief accounting officer directly owned 87,776 shares in the company, valued at approximately $5,698,417.92. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 5,965 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $66.50, for a total value of $396,672.50. Following the completion of the transaction, the senior vice president owned 79,480 shares of the company's stock, valued at $5,285,420. The trade was a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.
Lattice Semiconductor Stock Performance
LSCC stock traded down $0.27 on Friday, hitting $66.38. 2,622,705 shares of the company's stock were exchanged, compared to its average volume of 3,102,886. The firm has a 50 day moving average price of $56.03 and a two-hundred day moving average price of $53.68. The stock has a market cap of $9.09 billion, a P/E ratio of 288.62, a price-to-earnings-growth ratio of 4.88 and a beta of 1.62. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $70.55.
Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 6.61% and a net margin of 6.47%.The business had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. During the same period in the prior year, the company earned $0.23 earnings per share. The company's revenue was down .1% on a year-over-year basis. Lattice Semiconductor has set its Q3 2025 guidance at 0.260-0.300 EPS. Sell-side analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.
About Lattice Semiconductor
(
Free Report)
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.
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