Sumitomo Mitsui Trust Holdings Inc. Purchases 1,490 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,857 shares of the semiconductor company’s stock after acquiring an additional 1,490 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.21% of Lattice Semiconductor worth $20,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in Lattice Semiconductor during the fourth quarter valued at about $2,677,000. Allspring Global Investments Holdings LLC boosted its holdings in Lattice Semiconductor by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,737 shares of the semiconductor company’s stock valued at $2,052,000 after acquiring an additional 1,086 shares during the period. Meeder Asset Management Inc. bought a new stake in Lattice Semiconductor during the fourth quarter valued at about $608,000. Nisa Investment Advisors LLC boosted its holdings in Lattice Semiconductor by 85.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,303 shares of the semiconductor company’s stock valued at $366,000 after acquiring an additional 2,450 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Lattice Semiconductor by 286.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after acquiring an additional 142,543 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock valued at $3,225,795 over the last three months. 1.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LSCC shares. Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Stifel Nicolaus reduced their target price 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. Finally, Susquehanna dropped their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Lattice Semiconductor Trading Down 0.6 %

NASDAQ LSCC opened at $66.08 on Tuesday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 15.01 and a beta of 1.38. The company has a 50 day moving average of $75.88 and a 200-day moving average of $69.15. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same period in the prior year, the firm earned $0.38 earnings per share. Lattice Semiconductor’s revenue was down 3.0% compared to the same quarter last year. On average, analysts forecast that Lattice Semiconductor Co. will post 0.8 earnings per share for the current year.

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.