MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,360 shares of the semiconductor company's stock after selling 7,452 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.10% of Lattice Semiconductor worth $8,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LMR Partners LLP raised its holdings in Lattice Semiconductor by 1,890.4% during the fourth quarter. LMR Partners LLP now owns 273,754 shares of the semiconductor company's stock valued at $15,508,000 after acquiring an additional 260,000 shares during the period. Janus Henderson Group PLC raised its holdings in 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 acquiring an additional 1,195,624 shares during the period. Gotham Asset Management LLC raised its holdings in Lattice Semiconductor by 197.7% during the fourth quarter. Gotham Asset Management LLC now owns 128,918 shares of the semiconductor company's stock valued at $7,303,000 after acquiring an additional 85,609 shares during the period. Granahan Investment Management LLC raised its holdings in Lattice Semiconductor by 30.2% during the fourth quarter. Granahan Investment Management LLC now owns 124,941 shares of the semiconductor company's stock valued at $7,078,000 after acquiring an additional 29,015 shares during the period. Finally, Ellevest Inc. raised its holdings in Lattice Semiconductor by 51.1% during the fourth quarter. Ellevest Inc. now owns 12,729 shares of the semiconductor company's stock valued at $721,000 after acquiring an additional 4,306 shares during the period. 98.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LSCC shares. Raymond James 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. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Wall Street Zen cut Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $0.79 during trading hours on Friday, hitting $46.64. 1,874,671 shares of the company's stock traded hands, compared to its average volume of 2,656,382. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $78.25. The business has a fifty day moving average price of $49.54 and a 200-day moving average price of $55.22. The firm has a market capitalization of $6.41 billion, a P/E ratio of 106.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The company's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the transaction, the senior vice president now directly owns 87,106 shares of the company's stock, valued at $4,926,715.36. This trade represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,490 shares of company stock worth $777,363. Company insiders own 1.19% of the company's stock.

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.