Lattice Semiconductor Corporation $LSCC Stock: Sumitomo Mitsui Trust Group Inc. Boosts Position

Sumitomo Mitsui Trust Group Inc. grew its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 166.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,528 shares of the semiconductor company’s stock after purchasing an additional 6,573 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lattice Semiconductor were worth $1,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lattice Semiconductor during the third quarter worth $28,946,000. ProShare Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 38.5% in the third quarter. ProShare Advisors LLC now owns 20,598 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 5,726 shares during the period. Vise Technologies Inc. boosted its holdings in shares of Lattice Semiconductor by 48.0% in the third quarter. Vise Technologies Inc. now owns 6,792 shares of the semiconductor company’s stock worth $853,000 after acquiring an additional 2,204 shares during the period. Arta Finance Wealth Management LLC grew its position in shares of Lattice Semiconductor by 38.6% in the third quarter. Arta Finance Wealth Management LLC now owns 4,167 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 1,161 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Lattice Semiconductor by 40.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 39,100 shares of the semiconductor company’s stock valued at $4,912,000 after purchasing an additional 11,300 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $105.02 on Friday. The company’s 50 day simple moving average is $113.79 and its two-hundred day simple moving average is $115.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 2.33. Lattice Semiconductor Corporation has a 1 year low of $60.50 and a 1 year high of $157.01. The stock has a market capitalization of $14.94 billion, a PE ratio of 328.20, a P/E/G ratio of 1.57 and a beta of 1.90.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The firm had revenue of $291.04 million during the quarter, compared to analyst estimates of $255.90 million. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 14.94%. The business’s revenue for the quarter was up 118.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. Analysts predict that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on LSCC. Benchmark assumed coverage on Lattice Semiconductor in a research note on Tuesday, August 25th. They set a “buy” rating and a $160.00 price objective on the stock. Rosenblatt Securities raised their target price on Lattice Semiconductor from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Royal Bank Of Canada lifted their target price on Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. TD Cowen reduced their target price on Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 19th. Finally, Stifel Nicolaus upped their price target on Lattice Semiconductor from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Buy” and an average target price of $166.82.

Insiders Place Their Bets

In related news, SVP Esam Elashmawi sold 15,742 shares of Lattice Semiconductor stock in a transaction on Monday, August 17th. The stock was sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the completion of the sale, the senior vice president owned 155,420 shares of the company’s stock, valued at approximately $20,945,953.40. This trade represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ford Tamer bought 9,790 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, November 4th. The shares were acquired at an average price of $102.52 per share, with a total value of $1,003,670.80. Following the completion of the transaction, the chief executive officer owned 19,790 shares of the company’s stock, valued at $2,028,870.80. This represents a 97.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 19,661 shares of company stock worth $2,587,259 over the last three months. Corporate insiders own 0.62% of the company’s stock.

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