Lattice Semiconductor Co. (NASDAQ:LSCC) Stock Position Decreased by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,460 shares of the semiconductor company’s stock after selling 6,837 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Lattice Semiconductor worth $8,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Lattice Semiconductor by 88.1% during the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Benchmark lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Stifel Nicolaus upped their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Stock Down 2.2 %

NASDAQ LSCC opened at $59.15 on Friday. The stock has a market capitalization of $8.14 billion, a PE ratio of 134.43, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.13. The company has a 50 day moving average price of $60.47 and a two-hundred day moving average price of $56.41.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,740 shares of company stock worth $943,026. 1.80% of the stock is owned by corporate insiders.

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.