Artemis Investment Management LLP Lowers Position in Lattice Semiconductor Co. (NASDAQ:LSCC) – MarketBeat
Artemis Investment Management LLP lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC – Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,421 shares of the semiconductor company’s stock after selling 51,162 shares during the quarter. Artemis Investment Management LLP owned approximately 0.09% of Lattice Semiconductor worth $9,182,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Congress Asset Management Co. MA lifted its holdings in shares of Lattice Semiconductor by 36.5% in the first quarter. Congress Asset Management Co. MA now owns 105,076 shares of the semiconductor company’s stock worth $8,220,000 after buying an additional 28,071 shares in the last quarter. Midwest Financial Group LLC bought a new stake in Lattice Semiconductor in the first quarter worth $430,000. Park Avenue Securities LLC increased its position in Lattice Semiconductor by 10.7% in the first quarter. Park Avenue Securities LLC now owns 5,360 shares of the semiconductor company’s stock worth $419,000 after purchasing an additional 520 shares during the last quarter. Banque Cantonale Vaudoise increased its position in Lattice Semiconductor by 213.1% in the first quarter. Banque Cantonale Vaudoise now owns 9,541 shares of the semiconductor company’s stock worth $747,000 after purchasing an additional 6,494 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in Lattice Semiconductor in the first quarter worth $30,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Benchmark boosted their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Bank of America boosted their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.09.
Read Our Latest Stock Analysis on Lattice Semiconductor
Insider Buying and Selling
In related news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the sale, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $72.97, for a total transaction of $88,293.70. Following the completion of the sale, the senior vice president now directly owns 14,554 shares of the company’s stock, valued at $1,062,005.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the sale, the chief executive officer now directly owns 759,286 shares of the company’s stock, valued at $57,037,564.32. The disclosure for this sale can be found here. Insiders sold a total of 49,566 shares of company stock valued at $3,664,529 over the last three months. 1.80% of the stock is owned by company insiders.
Lattice Semiconductor Price Performance
NASDAQ:LSCC opened at $57.99 on Friday. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30. The company has a 50-day moving average of $67.47 and a 200 day moving average of $70.19. The firm has a market cap of $7.98 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 12.40 and a beta of 1.44.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. The company had revenue of $140.82 million during the quarter, compared to analyst estimates of $140.08 million. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.68 EPS for the current fiscal year.
About Lattice Semiconductor
(Free Report)
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.
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