Federated Hermes Inc. Sells 161,991 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Federated Hermes Inc. decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 92.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,982 shares of the semiconductor company's stock after selling 161,991 shares during the period. Federated Hermes Inc.'s holdings in Lattice Semiconductor were worth $792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in Lattice Semiconductor in the 4th quarter valued at $74,000. Quadrant Capital Group LLC raised its position in shares of Lattice Semiconductor by 48.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,632 shares of the semiconductor company's stock valued at $92,000 after buying an additional 536 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Lattice Semiconductor by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 103,185 shares of the semiconductor company's stock valued at $5,845,000 after buying an additional 2,876 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Lattice Semiconductor during the fourth quarter worth about $263,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Lattice Semiconductor during the fourth quarter valued at about $77,000. Institutional investors and hedge funds own 98.08% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on LSCC shares. Loop Capital assumed coverage on Lattice Semiconductor in a research report on Friday, April 4th. They issued a "buy" rating and a $85.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. StockNews.com lowered shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Stifel Nicolaus increased their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, KeyCorp upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.69.

Lattice Semiconductor Stock Up 1.4 %

NASDAQ:LSCC traded up $0.58 during trading hours on Monday, hitting $41.76. 2,687,445 shares of the stock were exchanged, compared to its average volume of 2,560,612. The company has a market capitalization of $5.75 billion, a P/E ratio of 94.91, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. The company's 50 day moving average is $55.65 and its two-hundred day moving average is $55.66. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Activity

In other news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares of the company's stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.