Man Group plc Has $1.28 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Man Group plc reduced its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 79.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,655 shares of the semiconductor company's stock after selling 87,373 shares during the period. Man Group plc's holdings in Lattice Semiconductor were worth $1,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% during the fourth 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 last quarter. Norges Bank acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $88,674,000. TimesSquare Capital Management LLC boosted its position in Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company's stock valued at $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. Janus Henderson Group PLC boosted its position 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 purchasing an additional 1,195,624 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in Lattice Semiconductor during the fourth quarter valued at approximately $44,147,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded down $0.28 during mid-day trading on Thursday, reaching $46.04. 397,787 shares of the company were exchanged, compared to its average volume of 2,652,750. The company has a fifty day simple moving average of $48.37 and a 200-day simple moving average of $55.03. Lattice Semiconductor Co. has a 12 month low of $34.69 and a 12 month high of $78.21. The firm has a market cap of $6.33 billion, a PE ratio of 104.65, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter last year, the company earned $0.29 EPS. The company's revenue was down 14.7% on a year-over-year basis. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director now directly owns 8,084 shares in the company, valued at approximately $420,610.52. This trade represents a 7.97% decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus increased their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen raised their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. KeyCorp cut their price objective on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Lattice Semiconductor 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.