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

abrdn plc reduced its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 447,183 shares of the semiconductor company’s stock after selling 171,914 shares during the quarter. abrdn plc’s holdings in Lattice Semiconductor were worth $30,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LSCC. UMB Bank n.a. increased its stake in Lattice Semiconductor by 100.7% in the third 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. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth $26,000. Larson Financial Group LLC bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth $29,000. Heritage Wealth Advisors acquired a new stake in Lattice Semiconductor in the third quarter valued at about $33,000. Finally, Blue Trust Inc. grew its position in Lattice Semiconductor by 129.4% in the fourth quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 339 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on LSCC. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Stifel Nicolaus dropped 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 note on Tuesday, February 13th. Benchmark boosted 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. Susquehanna lowered their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $75.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction 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 directly owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. 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. Company insiders own 1.19% of the company’s stock.

Lattice Semiconductor Trading Down 0.6 %

Shares of LSCC opened at $66.08 on Tuesday. The company has a market capitalization of $9.09 billion, a PE ratio of 35.72, a PEG ratio of 15.01 and a beta of 1.38. The stock’s 50-day moving average price is $75.88 and its two-hundred day moving average price is $69.15. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. Equities research analysts predict that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

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.