Hsbc Holdings PLC Acquires 50,164 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Hsbc Holdings PLC raised its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1,011.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,123 shares of the semiconductor company’s stock after acquiring an additional 50,164 shares during the quarter. Hsbc Holdings PLC’s holdings in Lattice Semiconductor were worth $3,125,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings 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 purchasing an additional 266 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor in the 4th quarter valued at $38,000. Skandinaviska Enskilda Banken AB publ lifted its position in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Lattice Semiconductor by 88.1% during the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $57,000. 98.08% of the stock is owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other news, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction 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 sale, the director now owns 122,538 shares in the company, valued at approximately $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 accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $48.25 on Wednesday. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.85. The stock has a fifty day moving average price of $53.35 and a two-hundred day moving average price of $55.43. The firm has a market capitalization of $6.64 billion, a P/E ratio of 109.66, a P/E/G ratio of 3.03 and a beta of 1.64.

Lattice Semiconductor (NASDAQ:LSCC) last announced 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 predict that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LSCC has been the subject of several research analyst reports. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Benchmark boosted their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Stifel Nicolaus increased their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.69.

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.