Mirae Asset Global Investments Co. Ltd. Trims Holdings in Lattice Semiconductor Corporation $LSCC

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 92.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,916 shares of the semiconductor company’s stock after selling 202,945 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Lattice Semiconductor were worth $1,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Lattice Semiconductor by 0.7% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 21,312 shares of the semiconductor company’s stock valued at $1,563,000 after buying an additional 144 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Lattice Semiconductor by 1.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,910 shares of the semiconductor company’s stock valued at $873,000 after acquiring an additional 166 shares during the period. ProShare Advisors LLC grew its position in Lattice Semiconductor by 1.0% in the 2nd quarter. ProShare Advisors LLC now owns 22,479 shares of the semiconductor company’s stock valued at $1,101,000 after acquiring an additional 232 shares in the last quarter. Main Management ETF Advisors LLC grew its position in Lattice Semiconductor by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 17,592 shares of the semiconductor company’s stock valued at $862,000 after acquiring an additional 288 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Lattice Semiconductor by 15.1% during the third quarter. GAMMA Investing LLC now owns 2,698 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 353 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Tonya Stevens sold 2,593 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $66.75, for a total value of $173,082.75. Following the transaction, the chief accounting officer owned 74,505 shares in the company, valued at approximately $4,973,208.75. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Pravin Desale sold 5,708 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $69.93, for a total value of $399,160.44. Following the sale, the senior vice president owned 105,913 shares of the company’s stock, valued at approximately $7,406,496.09. The trade was a 5.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,105 shares of company stock valued at $1,369,590. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Trading Up 0.4%

Shares of LSCC opened at $81.79 on Thursday. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 408.97, a PEG ratio of 3.53 and a beta of 1.70. The firm’s fifty day simple moving average is $78.98 and its 200-day simple moving average is $70.32. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $89.92.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Lattice Semiconductor had a net margin of 5.50% and a return on equity of 4.73%. The firm had revenue of $133.35 million during the quarter, compared to the consensus estimate of $133.03 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Lattice Semiconductor from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Monday, December 29th. Robert W. Baird upped their price objective on Lattice Semiconductor from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Benchmark lifted their target price on Lattice Semiconductor from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada assumed coverage on Lattice Semiconductor in a research note on Wednesday, January 14th. They set an “outperform” rating and a $105.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $82.38.

About Lattice Semiconductor

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.