abrdn plc Sells 171,914 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

abrdn plc lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,183 shares of the semiconductor company's stock after selling 171,914 shares during the period. abrdn plc owned 0.32% of Lattice Semiconductor worth $30,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 100.7% during the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. RiverPark Advisors LLC increased its position in shares of Lattice Semiconductor by 31.2% in the 4th quarter. RiverPark Advisors LLC now owns 821 shares of the semiconductor company's stock valued at $57,000 after buying an additional 195 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Lattice Semiconductor by 7.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,853 shares of the semiconductor company's stock valued at $245,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Lattice Semiconductor by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 33,162 shares of the semiconductor company's stock valued at $2,288,000 after buying an additional 200 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of Lattice Semiconductor by 34.5% in the 3rd quarter. Grove Bank & Trust now owns 1,009 shares of the semiconductor company's stock valued at $87,000 after buying an additional 259 shares in the last quarter. Institutional investors own 98.08% of the company's stock.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the sale, the senior vice president now owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the sale, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,741 shares of company stock worth $3,225,795. Corporate insiders own 1.19% of the company's stock.

Lattice Semiconductor Stock Up 2.9 %

Shares of LSCC traded up $1.89 during mid-day trading on Tuesday, hitting $67.97. 1,677,196 shares of the company's stock were exchanged, compared to its average volume of 2,117,824. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30. The stock's 50-day simple moving average is $75.88 and its 200-day simple moving average is $69.15. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 15.01 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $170.60 million for the quarter, compared to analysts' expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. Analysts forecast that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on LSCC shares. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Stifel Nicolaus lowered their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. KeyCorp upped their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Finally, Benchmark upped their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Lattice Semiconductor Company 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.